(Energy Analytics Institute, 16.Sep.2024) — Vizsla Silver Corp. has entered into an agreement with Canaccord Genuity as sole bookrunner, on behalf of itself and syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 25,000,000 common shares, at a price of $2.60 per Common Share, for gross proceeds of approximately $65,000,000 (the “Offering”).
The company has granted the Underwriters an option (the “Over-Allotment Option”), exercisable at the offering price for a period of 30 days after and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about September 19, 2024 and is subject to the company receiving all necessary regulatory approvals. In the event that the Over Allotment Option is exercised in full, the total gross proceeds of the Offering will be $74,750,000.
The company currently intends to use the net proceeds of the Offering to advance the exploration, drilling and development of the company’s Panuco Project, as well as for working capital and general corporate purposes, Vizsla said 16 Sep. 2024 in an official statement.
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By Fidencio Casillas, Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.
