Vizsla Resources Completes $800,000 Initial Public Offering; Shares to
Vizsla Resources Completes $800,000 Initial Public Offering; Shares to
Commence Trading on TSX-V, Symbol “VZLA” on September 21, 2018
Vancouver, Canada – September 19, 2018 - Vizsla Resources Limited (VZLA: TSX-V) (“Vizsla”
or the “Company”) is pleased to announce that it has completed its initial public offering (“IPO”)
of its common shares and listing as a Tier 2 company on the TSX Venture Exchange (“TSX-V”).
The IPO consisted of the issuance of 4,333,333 common shares of the Company at a price of $0.15
per share and 750,000 flow-through common shares of the Company at a price of $0.20 per share
for gross proceeds of $800,000. Vizsla’s common shares are expected to commence trading on the
TSXV under the symbol “VZLA” on September 21, 2018.
Haywood Securities Inc. (the “Agent”) acted as Vizsla’s agent in respect of the IPO. Vizsla paid
to the Agent an aggregate cash commission equal to $56,000. In addition, Vizsla granted the Agent
and its sub-agents non-transferable warrants entitling the Agent and its sub-agents to purchase a
total of 355,833 common shares at a price of $0.15 per share until September 19, 2020. In
connection with closing of the IPO, the Agent also received a corporate finance fee in the amount
of $25,000.
The gross proceeds of the IPO will be directed primarily to exploring Vizsla’s Kathleen Mountain
Property, which is comprised of four mineral claims that cover 2,254.87 hectares located 50 km
northeast of the city of Princeton, British Columbia and for working capital.
In addition, Mr. Michael Konnert announces that he holds an aggregate of 1,900,001 common
shares (the “Securities”), representing approximately 17.54% of the issued and outstanding
common shares of Vizsla on an undiluted basis. The Securities were purchased by Mr. Konnert
prior to the IPO and he holds no other convertible securities.
The Securities held by Mr. Konnert are subject to an Escrow Agreement in accordance with
National Policy 46-201 – Escrow for Initial Public Offerings. Upon release of the Securities from
escrow pursuant to the terms of the escrow agreement, Mr. Konnert may dispose of the Securities
in accordance with applicable securities laws. Mr. Konnert may, from time to time and at any time,
acquire additional shares and/or other equity, debt or other securities or instruments of Vizsla in
the open market or otherwise, and reserve the right to dispose of any or all of his Securities in the
open market or otherwise at any time and from time to time, and to engage in similar transactions
with respect to the Securities, the whole depending on market conditions, the business and
prospects of Vizsla and other relevant factors, including compliance with applicable securities
laws.
A copy of the early warning report to be filed by Mr. Konnert will be available on SEDAR under
Vizsla’s profile. This news release is issued under the early warning provisions of the Canadian
securities legislation.
About Vizsla Resources
Vizsla is a mineral exploration company that is engaged in the business of the acquisition,
exploration and development of mineral resource properties. The Company’s first project and core
2
asset is the Kathleen Mountain Property in British Columbia. Vizla’s common shares trade under
the symbol “VZLA” on the TSX-V.
Contact Information - For more information and to sign-up to the mailing list, please contact:
Michael Konnert, President and Chief Executive Officer
Tel: (604) 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 release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian
securities legislation. Such forward-looking statements and information herein include but are not limited
to statements regarding the trading of Vizsla’s common shares on the TSXV, the intended use of the
proceeds of the IPO and the exploration of the Kathleen Mountain Property. Vizsla does not intend to, and
does not assume any obligation to update such forward-looking statements or information, other than as
required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of Vizsla and its
operations to be materially different from those expressed or implied by such statements. Such factors
include, among others legislation, taxation, controls, regulations and political or economic developments
in Canada; financial risks due to precious and base metals prices, operating or technical difficulties in
mineral exploration, development and mining activities; risks and hazards of mineral exploration,
development and mining; the speculative nature of mineral exploration and development, risks in obtaining
necessary licenses and permits, and challenges to Vizsla’s title to properties.
Forward-looking statements are based on assumptions management believes to be reasonable, including
but not limited to: the continued operation of Vizsla’s exploration operations, no material adverse change
in the market price of commodities, and such other assumptions and factors as set out herein.
Although Vizsla has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or information, there may be other factors
that cause results to be materially different from those anticipated, described, estimated, assessed or
intended. There can be no assurance that any forward-looking statements or information will prove to be
accurate as actual results and future events could differ materially from those anticipated in such
statements or information. Accordingly, readers should not place undue reliance on forward -looking
statements or information.