Vizsla Resources Announces Closing of Final Tranche of C$4 Million Brokered Private Placement
December 5, 2019 TSX-V: VZLA
News Release
Vizsla Resources Announces Closing of Final Tranche of C$4 Million Brokered Private
Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Vancouver, BC (December 5, 2019) Vizsla Resources Corp. (TSX.V: VZLA) (“Vizsla Resources” or the “Company”)
is pleased to announce that it has closed the final tranche of the previously announced $4 million private
placement (the “Offering”), led by PI Financial Corp. and a syndicate of agents (collectively, the “Agents”) for
additional gross proceeds of $376,600 (the “Second Tranche”).
Under the Second Tranche, the Company issued 941,500 common shares (the “Shares” or the “Common
Shares”) at a price of $0.40 (the “Issue Price”), for gross proceeds of $376,600. The Company paid a cash
commission equal to 6% of the gross proceeds of the Second Tranche and issued 56,490 compensation options
(the “Compensation Options”) to the Agents. Each Compensation Option is exercisable to acquire one
Common Share at the Issue Price until December 5, 2021. The Agents also received a corporate finance fee
consisting of a cash payment of $80,000 and 200,000 Corporate Finance Warrants in connection with the
Offering.
The net proceeds from the Offering will be used for exploration expenditures and subsequently initiating
a drilling work program in the future on the recently consolidated Panuco-Copala precious metals district in
Mexico and for working capital.
The Company expects to close the previously announced $2 million non-brokered private placement on or
about December 12, 2019.
All securities issued under the Offering will be subject to a statutory hold period in Canada expiring four
months and one day from the date of issuance.
Completion of the Offering is subject to the final approval of the TSX Venture Exchange.
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.
On behalf of the Board of Directors,
Michael Konnert
President and CEO
About Vizsla Resources
Vizsla Resources is led by an experienced management team and the Company has an option to acquire 100%
of the newly-consolidated 9,386.5 Ha Panuco district in southern Sinaloa, Mexico, in the Municipio of
Concordia. The property covers the historic Panuco-Copala silver and gold mining district that has been in
production for over 450 years. The option allows for the acquisition of a mill, mines, tailings facilities, roads,
power and permits. Recent results from the project have demonstrated high-grade silver and gold results.
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.
This news release contains forward -looking information, which involves known and unknown risks,
uncertainties and other factors that may cause actual events to differ materially from current expectation.
Important factors - including the availability of funds, the results of financing efforts, the completion of due
diligence and the results of exploration activities - that could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see
www.sedar.com). Forward-looking statements in this news release include, but are not limited to, statements
regarding the use of proceeds from the Offering. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this news release. The Company disclaims any
intention or obligation, except to the extent required by law, to update or revise any forward -looking
statements, whether as a result of new information, events or otherwise.