Vizsla Copper Announces Upsize of Non-Brokered Private Placement from $1.5 Million to $2.5 Million
Vizsla Copper Corp. (TSXV: VZLA) is pleased to announce that it has increased the size of its previously announced non-brokered private placement from $1.5 million to $2.5 million. The private placement will involve the issuance of units at a price of $0.20 per unit, with each unit consisting of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share at a price of $0.30 for a period of 24 months following the closing of the private placement.
The increased financing will provide Vizsla Copper with additional capital to further advance its exploration projects, particularly the Copper Zone at the Panuco project located in Mexico. The Panuco project is strategically located in the heart of the Mexican Silver Belt, which is known for its rich mineral endowment. Vizsla Copper has identified significant potential for porphyry copper-gold mineralization at the project and plans to use the proceeds from the private placement to fund a comprehensive exploration program.
The Company is excited about the upsized private placement and the continued support it has received from investors. Vizsla Copper is focused on creating long-term value for its shareholders through the discovery and development of high-grade copper and gold deposits. With a strong management team and a portfolio of promising exploration projects, the Company is well-positioned to achieve its strategic objectives and deliver value to its stakeholders.
Investors who participate in the private placement will have the opportunity to support Vizsla Copper’s growth initiatives and potentially benefit from the Company’s success in unlocking the mineral potential of its projects. The exploration activities planned for the Panuco project are expected to provide valuable insights into the geological characteristics of the area and the potential for significant mineral discoveries.
In conclusion, the decision to increase the size of the non-brokered private placement reflects Vizsla Copper’s confidence in its exploration prospects and its commitment to advancing its projects to the next level. The additional funding will enable the Company to accelerate its exploration efforts and pursue new opportunities for mineral discovery. Vizsla Copper looks forward to a successful completion of the private placement and the continued progress of its exploration programs.