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VIZSLA SILVER ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION IN FULL
Vizsla Silver Vizsla Silver (US:VZLA) Prnewswireยท2025-07-14 13:26

Core Viewpoint - Vizsla Silver Corp. successfully completed a bought deal public offering, raising a total of US$15,000,300 through the sale of 38,334,100 common shares at a price of US$3.00 per share, including an over-allotment option exercised by underwriters [1][2]. Group 1: Offering Details - The offering consisted of 33,334,000 initial shares and an additional 5,000,100 shares sold under the over-allotment option [1]. - The offering was led by Canaccord Genuity Corp. as the sole bookrunner, with participation from a syndicate of underwriters including CIBC Capital Markets and others [2]. - The offering was conducted under a final prospectus supplement dated June 23, 2025, and is subject to final approval from the Toronto Stock Exchange [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to advance the exploration and development of the Panuco Project, exploration of the Santa Fe Project, potential future acquisitions, and general corporate purposes [4]. Group 3: Company Overview - Vizsla Silver is a Canadian mineral exploration and development company focused on the Panuco silver-gold project in Sinaloa, Mexico, which has a projected annual production of 15.2 million ounces of silver equivalent over a mine life of 10.6 years [7]. - The project has an after-tax NPV5% of US$1.1 billion, an internal rate of return (IRR) of 86%, and a payback period of 9 months at silver and gold prices of US$26/oz and US$1,975/oz, respectively [7].