Vizsla Silver Corp. announced the full exercise of the over-allotment option granted to underwriters in connection with its recently completed US$100 million bought deal public offering. The underwriters purchased an additional 5,000,100 common shares at US$3.00 per share, generating additional gross proceeds of US$15,000,300.
This brings the total gross proceeds from the offering and the full exercise of the over-allotment option to US$115,002,300. The financing was led by Canaccord Genuity Corp. and a syndicate of underwriters.
The net proceeds from the entire offering, including the over-allotment, are expected to be used to advance the exploration and development of the Panuco Project and the Santa Fe Project. Funds will also support potential future acquisitions, working capital, and general corporate purposes, further strengthening the company's financial position for its development plans.
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