Vizsla Silver Corp. (TSXV: VZLA) has entered into an agreement with PI Financial Corp. to raise aggregate gross proceeds of $34,006,500.
PI Financial Corp. is acting as sole bookrunner and lead agent on behalf of a syndicate of agents connection with a commercially reasonable efforts private placement.
The net proceeds from the Offering will be used to advance the exploration, drilling and development of the company’s Panuco Project in Mexico, as well as for working capital and general corporate purposes.
The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 6,761-hectare, past producing district benefits from over 86km of total vein extent, 35km of underground mines, roads, power, and permits.
The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.
The closing of the Offering is anticipated to occur on or around February 9, 2023.
For further information please visit: https://vizslasilvercorp.com/
