Vizsla Silver Closes US$100M Bought Deal Offering
VIZSLA SILVER CLOSES US$100M BOUGHT
DEAL OFFERING
VANCOUVER, BC
,
June 26, 2025
/CNW/ -
Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (
Frankfurt
:
0G3) ("Vizsla Silver" or the "Company")
is pleased to announce that it has completed its previously
announced bought deal public offering of 33,334,000 common shares of the Company (the "
Common
Shares
") at a price of
US$3.00
per Common Share (the "
Offering Price
") for aggregate gross proceeds of
US$100,002,000
(the "
Offering
"). The Offering was led by Canaccord Genuity, as sole bookrunner and lead
underwriter, on behalf of a syndicate of underwriters that included CIBC Capital Markets, National Bank
Financial Inc., Ventum Financial Corp., BMO Capital Markets and Raymond James Ltd. (collectively, the
"
Underwriters
"). The Company has granted the Underwriters an over-allotment option, exercisable at the
Offering Price for a period of 30 days after and including the closing date of the Offering, to purchase up to
an additional 5,000,100 Common Shares.
The Common Shares were offered pursuant to a final prospectus supplement of the Company dated
June 23,
2025
(the "
Prospectus Supplement
") to the short form base shelf prospectus of the Company dated
April
28, 2025
(the "
Base Shelf Prospectus
"), in all of the provinces of
Canada
, except
Quebec
, and in
the United
States
pursuant to a prospectus supplement dated
June 23, 2025
(the "
US Prospectus Supplement
") filed
as part of an effective registration statement on Form F-10 filed under the
Canada
/U.S. multi-jurisdictional
disclosure system. The Offering remains subject to the final approval of the Toronto Stock Exchange (the
"
TSX
").
The net proceeds of the Offering are expected to be used to advance the exploration and development of the
Panuco Project, exploration of the Santa Fe Project, potential future acquisitions, as well as for working
capital and general corporate purposes as set out in the Prospectus Supplement.
Copies of the applicable offering documents 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 the
Prospectus Supplement, the US Prospectus Supplement, the Base Shelf Prospectus and the Registration
Statement 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 news 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
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.
Website:
www.vizslasilvercorp.ca
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 use of proceeds thereof, which ultimately remains the subject of the Company's discretion, and final
approval of the TSX. 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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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:
CO: Vizsla Silver Corp.
CNW 11:28e 26-JUN-25