Vizsla Silver Corp. announced a bought deal public offering of 33,334,000 common shares at a price of US$3.00 per share, aiming to raise gross proceeds of approximately US$100,002,000. The offering is being led by Canaccord Genuity as sole bookrunner and lead underwriter. This significant financing is intended to bolster the company's capital position.
The company has granted the underwriters an over-allotment option, exercisable for 30 days after closing, to purchase up to an additional 15% of the offering. If fully exercised, the total gross proceeds would reach US$115,002,300. The offering is expected to close on or about June 26, 2025, subject to regulatory approvals.
The net proceeds from this offering are intended to advance the exploration, drilling, and development of the company's Panuco Project, as well as the Santa Fe Project. Funds will also be allocated for potential future acquisitions, working capital, and general corporate purposes, supporting Vizsla Silver's growth strategy.
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