CA - Vizsla Silver announces $34M brokered private placement financing
- Vizsla Silver ( NYSE: VZLA ) has entered into an agreement with PI Financial as sole bookrunner and lead agent, on behalf of a syndicate of agents in connection with a commercially reasonable efforts private placement of 20.61M common shares of the Co. at a price of $1.65/Share for aggregate gross proceeds of $34M .
- The Co. will grant the Agents an option, which will allow the Agents to offer up to an additional 15% of the Offering, on the same terms as the Shares.
- The net proceeds from the Offering will be used to advance the exploration, drilling and development of the Company’s Panuco Project, as well as for working capital and general corporate purposes.
- The closing of the Offering is anticipated to occur on or around February 9, 2023.
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Vizsla Silver announces $34M brokered private placement financing