VIZSF - Vizla Silver to raise C$60M in bought deal financing

Vizla Silver (VIZSF) entered into an agreement with Canaccord Genuity on behalf of a syndicate of underwriters wherein they agreed to purchase on a bought deal basis 24M units at C$2.5/unit for gross proceeds of C$60M.Each unit consists of one share and one-half of one share purchase warrant wherein the warrant holder will be entitled to acquire one share for 18 months from offer close at C$3.25.Underwriters granted 30 day option to purchase up to an additional 15% of units.Offer expected to close on or about June 3.Net proceeds will be used for advancing the exploration and development of Panuco, to make option payments and pursue strategic opportunities and general corporate purposes.

For further details see:

Vizla Silver to raise C$60M in bought deal financing