06:11:22 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Vizsla Copper Corp (2)
Symbol VCU
Shares Issued 107,854,365
Close 2024-03-18 C$ 0.105
Market Cap C$ 11,324,708
Recent Sedar Documents

Vizsla Copper increases placement to $2.5-million

2024-03-18 18:36 ET - News Release

Mr. Craig Parry reports

VIZSLA COPPER ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT FROM $1.5 MILLION TO $2.5 MILLION

Vizsla Copper Corp. has increased the size of its non-brokered private placement, previously announced on March 5, 2024, from $1.5-million to $2.5-million.

The company will issue up to 38,461,538 units at a price of 6.5 cents per unit for gross proceeds of up to $1.5-million. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of 12 cents per warrant share until the date which is 36 months following the closing date (as defined herein).

The net proceeds of the offering will be used for further exploration and general working capital purposes.

Closing of the offering is anticipated to occur on or about April 4, 2024, and is subject to customary closing conditions, including the company's receipt of TSX Venture Exchange approval. In connection with the offering, the company may pay finders' fees to eligible finders. All securities issued in connection with the offering will be subject to a statutory hold period of four months and a day from the closing date.

The units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 -- Prospectus Exemptions. The offering will also be made available to existing shareholders of the company pursuant to the existing shareholder exemption set out in B.C. Instrument 45-534 -- Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders. The existing shareholder exemption is available to shareholders residing in all Canadian jurisdictions. Shareholders of record of the company as at March 4, 2024 (the record date), are eligible to participate under the existing shareholder exemption. To rely upon the existing shareholder exemption, the subscriber must: (a) have been a shareholder of the company on the record date and continue to hold shares of the company until the closing date; (b) be purchasing units as a principal and for their own account and not for any other party; and (c) not subscribe for more than $15,000 worth of securities from the company in the past 12-month period under the existing shareholder exemption unless they have first received advice from a registered investment dealer regarding the suitability of the investment. Existing shareholders interested in participating in the offering should consult their investment adviser or the company directly. Subscriptions will be accepted by the company on a first-come, first-served basis; therefore, if the offering is oversubscribed it is possible that a shareholder's subscription may not be accepted by the company, unless the company decides to increase the size of the offering.

About Vizsla Copper Corp.

Vizsla Copper is a copper-gold-molybdenum-focused 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 three additional copper exploration properties: Copperview, Carruthers Pass and Redgold, 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 it is committed to socially responsible exploration and development, working safely, ethically and with integrity.

Vizsla Copper is a spinout of Vizsla Silver Corp. 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.

Qualified person

The company's disclosure of technical or scientific information in this press 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.

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