Vizsla Announces Closing of Oversubscribed $1.978M Private Placement
VIZSLA RESOURCES CORP
(TSX-V: VZLA)
FOR IMMEDIATE RELEASE June 6, 2019
VIZSLA ANNOUNCES CLOSING OF OVERSUBSCRIBED $1.978M PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia (June 6, 2019) – Vizsla Resources Corp. (TSX-V: VZLA)
(“Vizsla” or the “Company”) is pleased to report that it has closed the oversubscribed non-
brokered private placement (the “Private Placement”) as previously announced on May 15, 2019
and May 28, 2019.
Pursuant to the Private Placement, Vizsla issued 13,192,829 units (“Units”) of the Company at a
price of C$0.15 per Unit for gross proceeds of C$1,978,924. Each Unit is comprised of one Share
and one full Warrant. Each full warrant will be exercisable to acquire one common share of Vizsla
at an exercise price of C$0.25. The warrants will have an expiry date of two years from the date
of issue.
Michael Konnert, President and CEO stated, “We are very pleased to close this oversubscribed
financing, having originally set out to raise only C$1,000,000. We would like to thank our
investors for their support. Vizsla is now well capitalized and will continue to work to maximize
shareholder value.”
Insiders of the Company subscribed for 2,899,667 units, or 22%, of the Private Placement. Each
insider's subscription will be considered to be a related party transaction under Multilateral
Instrument 61-101 ("MI 61-101"). The Company is exempt from the formal valuation and minority
approval requirements under MI 61-101 on the basis that the fair market value of the transactions
with the insiders did not exceed 25% of the Company's market capitalization.
In connection with the closing of the Private Placement, the Company has paid eligible finder’s
fees to Haywood Securities Inc., PI Financial Corp. and Mackie Research Capital Corporation for
an aggregate amount of C$87,149.98 cash and 581,000 brokers’ warrants. The brokers’ warrants
are exercisable at C$0.25 per warrant share for a period of two years from the issue date.
All securities issued pursuant to the Private Placement will be subject to a four-month hold period
under applicable Canadian securities laws. Net proceeds from the Private Placement will be used
for corporate development and general working capital purposes.
The closing of the Private Placement remains subject to the final approval of the TSX Venture
Exchange.
The securities to be issued pursuant to the Private Placement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state
securities laws, and may not be offered or sold, directly or indir ectly, or delivered within the
United States absent registration or an applicable exemption from the registration requirements.
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This news release does not constitute an offer to sell or a solicitation to buy such securities in the
United States.
About Vizsla Resources
Vizsla is a mineral exploration company engaged in the business of the acquisition, exploration and
development of mineral resource properties. The Company has approximately 20,000,000 shares
outstanding and controls the 100%-owned Blueberry copper-gold asset in British Columbia. Vizsla’s
common shares trade under the symbol “VZLA” on the TSX-V. The Company website can be found at
www.vizslaresources.com
Contact Information: For more information and to sign-up to the mailing list, please contact:
Michael Konnert, President and Chief Executive Officer
Tel: (604) 838-4327
Email: [email protected]
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 news release.
Cautionary Note Regarding Forward-Looking Information
Certain statements in this press release related to the Private Placement, the securities issuable thereunder and the
intended use of proceeds are forward-looking statements and are prospective in nature. Certain statements in this
release are forward-looking statements, which include regulatory approvals, the business of the Company and other
matters. Forward-looking statements consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified
by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and
“continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-
looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based
will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts,
projections and other forward-looking statements will not occur. Forward-looking statement are necessarily based
upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company
to be materially different from future results, performances or achievements express or implied by such statements.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as
required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company
undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the
matters discussed above.