Vizsla Silver Receives Final Approval to Graduate to the Toronto Stock Exchange
VIZSLA SILVER RECEIVES FINAL APPROVAL TO GRADUATE
TO THE TORONTO STOCK EXCHANGE
VANCOUVER, BC
,
Nov. 5, 2024
/CNW/ -
Vizsla Silver Corp.
(
TSXV
:
VZLA
) (NYSE:
VZLA
) (
Frankfurt
: 0G3
)
("
Vizsla Silver
" or the
"
Company
") is pleased announce that it has received final listing approval from the Toronto Stock Exchange (the "
TSX
") to graduate from
the TSX Venture Exchange (the "
TSXV
"). The common shares of the Company (the "
Common Shares
") will begin trading on the TSX
effective at the market open on
November 7, 2024
, under the symbol "VZLA".
In conjunction with the graduation to the TSX, the Common Shares will be voluntarily delisted from, and will no longer trade on the TSXV,
effective at the market close on
November 6, 2024
.
The Common Shares will continue to trade on the NYSE American under the symbol "VZLA".
"Uplisting to the TSX represents another significant growth milestone for Vizsla Silver and its shareholders,"
commented
Michael Konnert
,
President & CEO.
"As the TSX is
Canada's
premier stock exchange, we expect the higher profile listing will increase market visibility and
provide exposure to a broader range of investors."
Shareholders will not be required to take any action in connection with the graduation and listing on the TSX. There will be no change in the
Company's CUSIP.
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.
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:
, Website:
www.vizslasilvercorp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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. 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. These forward
looking statements or information relate to, among other
things: the date of commencement of trading on the TSX and other statements that are not historical facts.
Forward
looking statements and forward
looking information relating to any future mineral production, liquidity, enhanced value and capital
markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans 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 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: [email protected], Website: www.vizslasilvercorp.ca
CO: Vizsla Silver Corp.
CNW 16:30e 05-NOV-24