Vizsla Silver To Raise $60.0 Million Via Bought Deal

Vizsla Silver (TSXV: VZLA) this morning announced that it will be conducting a bought deal financing. Lead by Canaccord Genuity, the financing will see the company raise gross proceeds of $60.0 million.

Under the terms of the financing, a total of 24.0 million units are to be sold at a price of $2.50 per unit. Each unit is to contain one common share and one half of a common share purchase warrant, with each warrant being valid for a period of 18 months with an exercise price of $3.25 per share. The offering also contains a 15% over-allotment option.

Net proceeds from the offering are to be used for exploration and development of Vizsla’s flagship Panuco project, as well to cover option payments and pursue strategic opportunities, as well as working capital and general corporate purposes.

The offering is slated to close June 3, 2021.

Vizsla Silver last traded at $2.70 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Aya Gold & Silver Sees Resource Estimate Increase To 96.1 Million Silver Ounces At Zgrounder Mine

Aya Gold & Silver (TSX: AYA) reported today the updated mineral resource estimate for its Zgounder...

Tuesday, December 14, 2021, 11:19:00 AM

London Silver Stocks Post Largest Monthly Decline Since 2016

Silver stocks in London vaults recorded their steepest monthly fall since records began in 2016,...

Saturday, March 8, 2025, 11:31:00 AM

GoGold Drills 33.6 Metres Of 164.4 G/T Silver Equivalent At Los Ricos North

GoGold Resources Inc. (TSX: GGD) reported this morning the latest drill results from the Casados...

Wednesday, June 16, 2021, 08:41:23 AM

India’s Silver Imports In First Four Months Of 2024 Already Exceed 2023 Figures

India’s silver imports in the first four months of 2024 have already exceeded the total...

Saturday, June 1, 2024, 11:38:00 AM

Aya Gold & Silver Drills 1,298 G/T Silver Over 9.5 Metres At Zgounder Silver Mine

Aya Gold & Silver Inc. (TSX: AYA) announced today new assays from its 2021 drill...

Thursday, September 16, 2021, 09:34:00 AM