Vizsla Copper Announces $1.5 Million Non-Brokered Private Placement
VIZSLA COPPER ANNOUNCES $1.5 MILLION
NON-BROKERED PRIVATE PLACEMENT
/NOT FOR DISSEMINATION IN OR INTO
THE UNITED STATES
OR FOR DISTRIBUTION TO
U.S. NEWSWIRE SERVICES./
VANCOUVER, BC
,
March 5, 2024
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF)
(
FRANKFURT
: 97E0) ("
Vizsla Copper
" or the "
Company
") is pleased to announce a non-brokered
private placement of up to 23,076,923 units (the "
Units
") at a price of
$0.065
per Unit for gross
proceeds of up to
$1,500,000
(the "
Offering
").
Each Unit will consist of one common share of the Company (each, a "
Share
") and one common
share purchase warrant (each, a "
Warrant
"). Each Warrant will entitle the holder thereof to acquire
one additional Share (each, a "
Warrant Share
") at a price of
$0.12
per Warrant Share until the date
which is 36 months following the Closing Date (as defined below).
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
(the "
Closing Date
") 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 finder's 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 BC Instrument 45-534 –
Exemption From Prospectus Requirement
for Certain Trades to Existing Security Holders
(the "
Existing Shareholder Exemption
"). 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 advisor or the Company directly. Subscriptions will be
accepted by the Company on a "first come, first served basis"; therefore, if the Offering is over-
subscribed 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.
The securities described herein 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
accordingly, may not be offered or sold within
the United States
except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo 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 kilometers east of the community of
Williams Lake, British
Columbia
. It has three additional copper exploration properties: Copperview, 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 spin-out of Vizsla Silver Corp. (TSX.V: VZLA) (NYSE: VZLA) and is backed by
Inventa Capital Corp., a premier investment group founded in 2017 with the goal of discovering and
funding opportunities in the resource sector. Additional information about the Company is available
on SEDAR+ (
www.sedarplus.ca
) and the Company's website (
www.vizslacopper.com
).
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been
reviewed and approved by
Ian Borg
, P.Geo., Senior Geologist for Vizsla Copper. Mr. Borg is a
Qualified Person as defined under the terms of National Instrument 43-101.
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.
FORWARD LOOKING STATEMENTS
The information contained herein contains "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and "forward-looking information"
within the meaning of applicable Canadian securities legislation. "Forward-looking information"
includes, but is not limited to, statements with respect to the activities, events or developments that
the Company expects or anticipates will or may occur in the future, including, without limitation,
planned exploration activities. Generally, but not always, forward-looking information and statements
can be identified by the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative
connotation thereof or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative
connotation thereof. Forward-looking statements in this news release include, among others,
statements relating to: obtaining the required regulatory approvals for the Offering; the expected
Closing Date; completion of the Offering; the intended use of proceeds of the Offering; the
Company's growth and business strategies; and the exploration and development of the Company's
properties.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the results of planned exploration activities are as anticipated, the anticipated
cost of planned exploration activities, that general business and economic conditions will not change
in a material adverse manner, that financing will be available if and when needed and on reasonable
terms, that third party contractors, equipment and supplies and governmental and other approvals
required to conduct the Company's planned exploration activities will be available on reasonable
terms and in a timely manner. Although the assumptions made by the Company in providing forward-
looking information or making forward-looking statements are considered reasonable by
management at the time, there can be no assurance that such assumptions will prove to be
accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties
and other factors, which may cause actual events or results in future periods to differ materially from
any projections of future events or results expressed or implied by such forward-looking information
or statements, including, among others: negative operating cash flow and dependence on third party
financing, uncertainty of additional financing, no known mineral reserves or resources, the limited
operating history of the Company, the influence of a large shareholder, aboriginal title and
consultation issues, reliance on key management and other personnel, actual results of exploration
activities being different than anticipated, changes in exploration programs based upon results,
availability of third party contractors, availability of equipment and supplies, failure of equipment to
operate as anticipated; accidents, effects of weather and other natural phenomena and other risks
associated with the mineral exploration industry, environmental risks, changes in laws and
regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information or implied by forward-
looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that forward-looking information and statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking
statements or information. The Company undertakes no obligation to update or reissue forward-
looking information as a result of new information or events except as required by applicable
securities laws.
SOURCE
Vizsla Copper Corp.
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CO: Vizsla Copper Corp.
CNW 08:00e 05-MAR-24