Vizsla Copper Corp. Announces Upsize of Non-Brokered Private Placement from $1.5 Million to $2.5 Million
Vancouver, British Columbia – Vizsla Copper Corp. (the Company or Vizsla Copper) (TSXV: VIZ) is pleased to announce that it has successfully upsized its non-brokered private placement previously announced on (date) from $1.5 million to $2.5 million due to strong investor demand.
The private placement will consist of (number) units of the Company at a price of $0.25 per unit. Each unit will be comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at a price of $0.40 for a period of (number) months following the closing of the private placement.
The net proceeds from the private placement will be used by the Company for general working capital and to advance exploration activities at its flagship Panuco project located in Mexico. Vizsla Copper recently completed the acquisition of the Panuco project, which covers an area of approximately 9,300 hectares and is situated in a prolific mining district with a history of high-grade silver and gold production.
Michael Konnert, Vizsla Copper’s President and CEO, commented, We are very pleased with the strong support we have received from investors, allowing us to increase the size of this private placement. The additional capital will position us well to further advance our exploration efforts at Panuco and continue unlocking the project’s significant potential.
The private placement is subject to regulatory approval, including the approval of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a statutory hold period of four months and one day from the closing date.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Investors interested in participating in the private placement are encouraged to contact the Company for further details. Vizsla Copper looks forward to updating the market on its exploration progress and other corporate developments as the year progresses.
For more information about Vizsla Copper, please visit the Company’s website at www.vizslacopper.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Konnert
Michael Konnert,
President & CEO
Tel: 604-367-8110
Email: info@vizslacopper.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Vizsla Copper Corp.
Vizsla Copper Corp. is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company’s flagship project is the Panuco project located in Mexico, which covers an area of approximately 9,300 hectares in a prolific mining district known for high-grade silver and gold deposits. Vizsla Copper is focused on unlocking the significant exploration potential of the Panuco project through systematic exploration and drilling programs.
The company’s shares are listed on the TSX Venture Exchange under the trading symbol VIZ.
For more information, please contact:
Investor Relations
Tel: 604-367-8110
Email: investors@vizslacopper.com
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