Vizsla Royalties to Acquire Additional 3.0% NSR on Panuco Project and Announces US$40 Million Financing

Core Viewpoint - Vizsla Royalties Corp. has entered into a royalty purchase agreement to acquire an additional 3.0% net smelter returns (NSR) royalty on the Silverstone Concessions of the Panuco-Copala Silver-Gold Project in Mexico, significantly increasing its exposure in a high-grade silver-gold district [1][2] Acquisition Details - The acquisition involves a total cash consideration of US$40 million, with the company repurchasing 50% of the 3.0% Royalty for US$1.95 million and the remaining 50% for US$38.05 million [5] - Following this transaction, Vizsla Royalties will hold a total of 3.5% NSR on the Silverstone Concessions, enhancing its position in one of the most advanced silver-gold development districts globally [2][5] Financing for Acquisition - To fund the acquisition, Vizsla Royalties has entered into an agreement with CIBC Capital Markets to purchase 27,400,000 common shares at a price of C$2.00 per share, raising aggregate gross proceeds of C$54.8 million [6][7] - The net proceeds from the offering will be allocated towards the cash consideration for the acquisition and general corporate purposes [7] Regulatory and Closing Information - The transaction and the offering are expected to close concurrently around June 12, 2025, subject to customary closing conditions and regulatory approvals [9] - The shares will be offered in Canada and may also be sold through private placements in the United States or other jurisdictions [8]