00:16:43 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Vizsla Copper Corp (2)
Symbol VCU
Shares Issued 70,536,165
Close 2023-07-18 C$ 0.245
Market Cap C$ 17,281,360
Recent Sedar Documents

Vizsla Copper closes Copperview property acquisition

2023-07-18 14:18 ET - News Release

Mr. Chris Donaldson reports

VIZSLA COPPER COMPLETES ACQUISITION OF COPPERVIEW PROJECT

Vizsla Copper Corp., further to its news release dated June 20, 2023, has completed the acquisition of a 100-per-cent interest in the 37,466-hectare Copperview project in the Aspen Grove area of south-central British Columbia.

Acquisition details

The Copperview project consists of 37,466 hectares in 40 claims and is being acquired from Donald Rippon, of Mineworks Ventures Inc., pursuant to a purchase agreement dated June 19, 2023, as amended on July 7, 2023.

Pursuant to the terms of the Copperview purchase agreement, the company issued 600,000 common shares of the company to the vendor. The consideration shares are subject to a voluntary one-year release schedule such that one-third of the Consideration shares are to be released every four months after completion of the acquisition. The company also paid the vendor $5,000 and granted the vendor: (i) a 2-per-cent net smelter return royalty over 37 of the 40 claims comprising the Copperview project; and (ii) a 1-per-cent net smelter return royalty over three of the 40 claims comprising the Copperview project. One-half of the NSR may be bought back from the vendor for $3-million in cash (being a 1-per-cent NSR of the 2-per-cent NSR and a 0.5-per-cent NSR of the 1-per-cent NSR).

Additional details regarding the acquisition and the Copperview project are set out in the company's news release dated June 20, 2023.

About Vizsla Copper Corp.

Vizsla Copper is a Cu-Au-Mo-focused (copper-gold-molybdenum) mineral exploration and development company headquartered in Vancouver, Canada. The company is primarily focused on its flagship Woodjam project, located within the prolific Quesnel terrane, 55 kilometres east of the community of Williams Lake, B.C. It has four additional copper exploration properties, Copperview, Redgold, Blueberry and Carruthers Pass, all well situated amongst significant infrastructure in British Columbia. The company's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada, and is committed to socially responsible exploration and development, working safely, ethically and with integrity.

Vizsla Copper is a spinout of Vizsla Silver and is backed by Inventa Capital Corp., a premier investment group founded in 2017, with the goal of discovering and financing opportunities in the resource sector. Additional information about the company is available on SEDAR and the company's website.

Qualified person

The company's disclosure of technical or scientific information in this news release has been reviewed and approved by Ian Borg, PGeo, senior geologist for Vizsla Copper. Mr. Borg is a qualified person as defined under the terms of National Instrument 43-101.

We seek Safe Harbor.

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