BULLETIN V2024-0671
VIZSLA SILVER CORP. ("VZLA")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company
Effective February 23, 2024, the Company's Prospectus Supplement dated February 23, 2024 (the "Supplement") to the short form base shelf prospectus dated March 31, 2023 was filed with and accepted by TSX Venture Exchange (the "Exchange").
The Exchange has been advised that closing occurred on February 29, 2024, for gross proceeds of $34,500,000 (including the exercise of the over-allotment option).
Underwriters: PI Financial Corp. (the "Lead Underwriter"), and Canaccord Genuity Corp., CIBC World Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and BMO Nesbitt Burns Inc. (collectively with the Lead Underwriter, the "Underwriters").
Offering: 23,000,000 common shares of the Company ("Shares") (including those shares issued pursuant to the exercise of the over-allotment option).
Share Price: $1.50 per Share.
Underwriter's Commission: An aggregate cash payment of $2,070,000, being equal to 6% of the gross proceeds of the Supplement offering.
1,380,000 non-transferable compensation warrants ("Compensation Warrants") were issued to the Underwriters, and may be exercised into Shares at a price of $1.50 per Share at any time prior to February 28, 2026.
Over-Allotment Option: The Company granted to the Underwriters an option to purchase additional Shares of up to 15% of the offering. The over-allotment option was exercised in full at closing, equal to 3,000,000 Shares at $1.50 per Share.
Please refer to the Company's news releases dated February 21, 2024, and February 29, 2024, for further details.
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