CA - Vizsla Silver upsizes of private placement financing to $39M

Vizsla Silver ( NYSE: VZLA ) entered an agreement with PI Financial, as sole bookrunner and lead agent, on behalf of a syndicate of agents to increase the size of the previously announced commercially reasonable efforts private placement from $34M to $39M.

The offering will consist of 23.7M shares at a price of $1.65 per share for aggregate gross proceeds of $39.15M.

The company will grant the agents an option which will allow the agents to offer up to an additional 15% of the offering.

The net proceeds 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 is anticipated to occur on or around February 9, 2023.

For further details see: