Vizsla Silver Corp. announced the successful closing of its previously announced bought deal public offering, raising aggregate gross proceeds of US$100,002,000. The company issued 33,334,000 common shares at an offering price of US$3.00 per share. This financing was led by Canaccord Genuity and a syndicate of underwriters.
The underwriters were granted an over-allotment option to purchase up to an additional 5,000,100 common shares at the offering price, exercisable for 30 days after the closing date. The offering was conducted pursuant to prospectus supplements filed in Canada and the United States.
The net proceeds from this offering are designated to advance the exploration and development of the Panuco Project and the Santa Fe Project. Funds will also be used for potential future acquisitions, working capital, and general corporate purposes, providing substantial capital for the company's strategic initiatives.
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