VIZSLA SILVER ANNOUNCES US$100 MILLION BOUGHT DEAL FINANCING The offering documentation is or will be accessible through SEDAR+ and EDGAR
VIZSLA SILVER ANNOUNCES US$100 MILLION
BOUGHT DEAL FINANCING
The offering documentation is or will be accessible through SEDAR+ and EDGAR
VANCOUVER, BC
,
June 23, 2025
/CNW/ -
Vizsla Silver Corp.
(TSX: VZLA) (NYSE: VZLA) (
Frankfurt
: 0G3)
("Vizsla"
or the "Company")
is pleased to announce that it has entered into an agreement with Canaccord Genuity as sole
bookrunner, on behalf of itself and syndicate of underwriters (the "Underwriters"), pursuant to which the Underwriters
have agreed to purchase, on a bought deal basis, 33,334,000 common shares (the "Common Shares"), at a price of
US$3.00
per Common Share, for gross proceeds of approximately
US$100,002,000
(the "Offering").
The Company has granted the Underwriters an option (the "Over-Allotment Option"), exercisable at the offering price
for a period of 30 days after and including the closing of the Offering, to purchase up to an additional 15% of the
Offering to cover over-allotments, if any. The Offering is expected to close on or about
June 26, 2025
and is subject to
the Company receiving all necessary regulatory approvals. In the event that the Over Allotment Option is exercised in
full, the total gross proceeds of the Offering will be
US$115,002,300
.
The Company currently intends to use the net proceeds of the Offering to advance the exploration, drilling and
development of the Company's Panuco Project, as well as for working capital and general corporate purposes as set
out in the Prospectus Supplement (as defined below).
The Common Shares will be offered by way of a prospectus supplement (the "Prospectus Supplement") in all of the
provinces of
Canada
, other than
Quebec
, pursuant to the Company's base shelf prospectus dated
April 28, 2025
(the
"Base Shelf Prospectus"), and will be offered in
the United States
pursuant to a prospectus supplement (the "U.S.
Prospectus Supplement") filed as part of an effective registration statement on Form F-10 (the "Registration
Statement") filed under the
Canada
/U.S. multi-jurisdictional disclosure system. Before investing, prospective purchasers
in
Canada
should read the Prospectus Supplement, the Base Shelf Prospectus, and the documents incorporated by
reference therein, and prospective purchasers in
the United States
should read the U.S. Prospectus Supplement, the
Base Shelf Prospectus and the Registration Statement and the documents incorporated by reference therein for more
complete information about the Company and the Offering.
Copies of the applicable offering documents, when available, can be obtained free of charge under the Company's
profile on SEDAR+ at
www.sedarplus.ca
and EDGAR at
www.sec.gov
. Delivery of the Base Shelf Prospectus and the
Prospectus Supplement and any amendments thereto will be satisfied in accordance with the "access equals delivery"
provisions of applicable Canadian securities legislation. An electronic or paper copy of Prospectus Supplement, the U.S.
Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement, when available, may be obtained,
without charge, from Canaccord Genuity by phone at 416-869-3052 or by e-mail at
by providing
Canaccord Genuity with an email address or address, as applicable.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of
the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Vizsla Silver Corp.
Vizsla Silver is a Canadian mineral exploration and development company headquartered in
Vancouver, BC
, focused on
advancing its flagship, 100%-owned
Panuco
silver-gold project located in
Sinaloa, Mexico
. The Company recently
completed a Preliminary Economic Study for
Panuco
in
July 2024
which highlights 15.2 Moz AgEq of annual production
over an initial 10.6-year mine life, an after-tax NPV5% of
US$1.1B
, 86% IRR and a 9-month payback at
US$26
/oz Ag
and
US$1,975
/oz Au. Vizsla Silver aims to become the world's leading silver company by implementing a dual track
development approach at
Panuco
, advancing mine development, while continuing district scale exploration through low-
cost means.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward
Looking Statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward
looking information" under applicable Canadian securities laws,
including those relating to information contained in the Preliminary Economic Study (including annual production,
mine life, NPV, IRR and payback) and also regarding the terms of the Offering and the expected completion and use
of proceeds thereof, which ultimately remains the subject of the Company's discretion. When used in this news
release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could",
"schedule" and similar words or expressions, identify forward
looking statements or information.
Forward
looking statements and forward
looking information are based on management's reasonable assumptions,
estimates, expectations, analyses and opinions, which are based on management's experience and perception of
trends, current conditions and expected developments, and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding,
among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated
costs of development of exploration projects; Vizsla Silver's ability to operate in a safe and effective manner and its
ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver's respective current views with respect to future events and are necessarily
based upon a number of other assumptions and estimates that, while considered reasonable by management, are
inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such
forward
looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates
based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on
one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining
activities in
Mexico
; regulatory, consent or permitting delays; risks relating to reliance on the Company's management
team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain
insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the
failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks
and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical
recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to
undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical
difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the
Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully
integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing
quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack
of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors"
in the Prospectus Supplement, the US Prospectus Supplement and Vizsla Silver's management discussion and
analysis. Readers are cautioned against attributing undue certainty to forward
looking statements or forward-looking
information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver
does not intend, and does not assume any obligation, to update these forward
looking statements or forward-looking
information to reflect changes in assumptions or changes in circumstances or any other events affecting such
statements or information, other than as required by applicable law.
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SOURCE
Vizsla Silver Corp.
View original content:
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%SEDAR: 00045314E
For further information:
Contact Information: For more information and to sign-up to the mailing list, please contact:
Michael Konnert, President and Chief Executive Officer, Tel: (604) 364-2215, Email: [email protected]
CO: Vizsla Silver Corp.
CNW 06:41e 23-JUN-25