VIZSLA COPPER ANNOUNCES $1.5 MILLION NON-BROKERED PRIVATE PLACEMENT

VIZSLA COPPER ANNOUNCES $1.5 MILLION NON-BROKERED PRIVATE PLACEMENT

/NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to announce a non-brokered private placement of up to 23,076,923 units (the " Units ") at a price of $0.065 per Unit for gross proceeds of up to $1,500,000 (the " Offering ").

Vizsla Copper Corp. Logo (CNW Group/Vizsla Copper Corp.)

Each Unit will consist of one common share of the Company (each, a " Share ") and one common share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a " Warrant Share ") at a price of $0.12 per Warrant Share until the date which is 36 months following the Closing Date (as defined below).

The net proceeds of the Offering will be used for further exploration and general working capital purposes.

Closing of the Offering is anticipated to occur on or about April 4, 2024 (the " Closing Date ") and is subject to customary closing conditions, including the Company's receipt of TSX Venture Exchange approval. In connection with the Offering, the Company may pay finder's fees to eligible finders. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and a day from the Closing Date.

The Units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 – Prospectus Exemptions . The Offering will also be made available to existing shareholders of the Company pursuant to the existing shareholder exemption set out in BC Instrument 45-534 – Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders (the " Existing Shareholder Exemption "). The Existing Shareholder Exemption is available to shareholders residing in all Canadian jurisdictions. Shareholders of record of the Company as at March 4, 2024 (the " Record Date ") are eligible to participate under the Existing Shareholder Exemption. To rely upon the Existing Shareholder Exemption, the subscriber must: (a) have been a shareholder of the Company on the Record Date and continue to hold shares of the Company until the Closing Date; (b) be purchasing Units as a principal and for their own account and not for any other party; and (c) not subscribe for more than $15,000 worth of securities from the Company in the past 12 month period under the Existing Shareholder Exemption unless they have first received advice from a registered investment dealer regarding the suitability of the investment. Existing shareholders interested in participating in the Offering should consult their investment advisor or the Company directly. Subscriptions will be accepted by the Company on a "first come, first served basis"; therefore, if the Offering is over-subscribed it is possible that a shareholder's subscription may not be accepted by the Company, unless the Company decides to increase the size of the Offering.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada . The Company is primarily focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia . It has three additional copper exploration properties: Copperview, and Redgold, all well situated amongst significant infrastructure in British Columbia . The Company's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and it is committed to socially responsible exploration and development, working safely, ethically and with integrity.

Vizsla Copper is a spin-out of Vizsla Silver Corp. (TSX.V: VZLA) (NYSE: VZLA) and is backed by Inventa Capital Corp., a premier investment group founded in 2017 with the goal of discovering and funding opportunities in the resource sector. Additional information about the Company is available on SEDAR+ ( www.sedarplus.ca ) and the Company's website ( www.vizslacopper.com ).

Qualified Person

The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Ian Borg , P.Geo., Senior Geologist for Vizsla Copper. Mr. Borg is a Qualified Person as defined under the terms of National Instrument 43-101.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements in this news release include, among others, statements relating to: obtaining the required regulatory approvals for the Offering; the expected Closing Date; completion of the Offering; the intended use of proceeds of the Offering; the Company's growth and business strategies; and the exploration and development of the Company's properties.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, the influence of a large shareholder, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.  The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE Vizsla Copper Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/05/c7731.html

News Provided by Canada Newswire via QuoteMedia

VCU:CA
Vizsla Copper

Vizsla Copper Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Vizsla Copper (TSXV:VCU)

Vizsla Copper


Keep reading...Show less
Vizsla Copper Completes Acquisition of Universal Copper

Vizsla Copper Completes Acquisition of Universal Copper

Vizsla Copper Corp. (TSXV: VCU) (" Vizsla Copper ") and Universal Copper Ltd. (TSXV: UNV) (" Universal Copper ") are pleased to announce the completion of the plan of arrangement under the Business Corporations Act ( British Columbia ) (the " Arrangement "), as previously disclosed on February 14, 2024 . Pursuant to the terms of the Arrangement, among other things, (i) Vizsla Copper acquired 100% of the issued and outstanding common shares in the capital of Universal Copper (the " UNV Shares ") in exchange for the issuance of 0.23 common shares in the capital of Vizsla Copper (each whole common share, a " Vizsla Copper Share ") to shareholders of Universal Copper (" Shareholders ") in exchange for each UNV Share (the " Exchange Ratio "), (ii) Universal Copper's outstanding stock options (" Options ") were exchanged for options of Vizsla Copper, and (iii) Universal Copper's outstanding warrants became exercisable to acquire Vizsla Copper Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
VIZSLA COPPER CLOSES NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $2.5M AND PROVIDES UPDATES

VIZSLA COPPER CLOSES NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $2.5M AND PROVIDES UPDATES

/NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to announce that it has closed its non-brokered private placement (the " Private Placement "), previously announced on March 5, 2024 and March 18, 2024 issuing 38,460,995 units (the " Units ") at a price of $0.065 per Unit for gross proceeds of CAD$2,499,962.08 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
VIZSLA COPPER ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT FROM $1.5 MILLION TO $2.5 MILLION

VIZSLA COPPER ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT FROM $1.5 MILLION TO $2.5 MILLION

/NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to announce that it has increased the size of its non-brokered private placement, previously announced on March 5, 2024 from $1,500,000 to $2,500,000 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
VIZSLA COPPER PROVIDES UPDATES ON WOODJAM COPPER-GOLD PROJECT EXPANSION

VIZSLA COPPER PROVIDES UPDATES ON WOODJAM COPPER-GOLD PROJECT EXPANSION

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to announce that it has completed the acquisition (the " Acquisition ") of a 100% interest in two mineral claims (the " Stope Baby Claims ") covering exploration ground contiguous with the Company's Woodjam Copper-Gold Project (the " Woodjam Project ").

The Company is also pleased to announce that it has entered into an agreement (the " Purchase Agreement ") with an arm's-length, third party vendor (the " Copper Pit Vendor ") to acquire a 100% interest in two mineral claims (the " Copper Pit Claims ") covering exploration ground contiguous with the Woodjam Project.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
VIZSLA COPPER ANNOUNCES ACQUISITION OF UNIVERSAL COPPER

VIZSLA COPPER ANNOUNCES ACQUISITION OF UNIVERSAL COPPER

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to announce that it has entered into a definitive arrangement agreement dated February 13, 2024 (the " Arrangement Agreement ") with Universal Copper Ltd. (TSX.V: UNV, FRANKFURT : 3TA2) (" UNV ") whereby Vizsla Copper will acquire all of the issued and outstanding common shares of UNV (the " UNV Shares ") pursuant to a plan of arrangement (the " Arrangement ").

UNV is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties, including its flagship Poplar Project (the " Poplar Project " or the " Project "), one of the most advanced pre-production copper projects in British Columbia .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
FPX Nickel Completes Confirmatory Large-Scale Mineral Processing Pilot Testwork with Funding Support from the Government of Canada

FPX Nickel Completes Confirmatory Large-Scale Mineral Processing Pilot Testwork with Funding Support from the Government of Canada

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce that it has successfully completed a large-scale mineral processing pilot testing campaign for the Baptiste Nickel Project (" Baptiste " or the " Project "), the first significant component of the ongoing feasibility study (" FS ") metallurgical testwork campaign.  Results from this testwork confirm the 2023 preliminary feasibility study (" PFS ") basis, thereby validating FPX's processing strategy, flowsheet, and key metallurgical criteria, including estimated recoveries.  The pilot testing campaign was funded in part by a $725,000 grant from Natural Resources Canada (" NRCan ") under the Government of Canada's Critical Minerals Research, Development and Demonstration (" CMRDD ") program, which is advancing the commercial readiness of processing technologies that will support the development Canada's EV battery material supply chain.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Trident Royalties PLC Announces Notice of Q1 2024 Activities Update

Trident Royalties PLC Announces Notice of Q1 2024 Activities Update

Notice of Q1 2024 Activities Update

Trident" or the "Company") Trident Royalties PLC (AIM:TRR)(OTCQB:TDTRF), the diversified mining royalty company, will announce its Q1 2024 Activities Update on Tuesday 7 May 2024 at 07.00 BST

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Grid Battery Metals Comments on Recent Promotional Activity Pursuant to OTC Markets Request

Grid Battery Metals Comments on Recent Promotional Activity Pursuant to OTC Markets Request

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - April 29 2024- Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV: CELL, OTCQB: EVKRF FRA: NMK2) has received a request by the OTC Markets Group to comment on recent promotional activity related to Grid's common shares traded on the OTC Markets.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Los Andes Copper Ltd. Announces Board Change

Los Andes Copper Ltd. Announces Board Change

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company"), announces that Non-Executive Director, Warren Gilman, is stepping down from the Board due to other business commitments. Warren will become a Senior Advisor to the Board and remains actively supportive of the Company.

Eduardo Covarrubias, Chairman of Los Andes, commented: "We would like to thank Warren for his invaluable support and time on the Board over the past three years. We are delighted that he has agreed to remain as a key Senior Advisor to the Board allowing us to continue to benefit from his extensive experience and backing."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Bold Ventures Completes Electromagnetic Conductor Modelling at Farwell and Amends Option Agreements

Bold Ventures Completes Electromagnetic Conductor Modelling at Farwell and Amends Option Agreements

Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "Bold") is pleased to announce that it has completed geophysical modelling of 6 high priority electromagnetic conductors identified by a helicopter-borne, versatile time domain electromagnetic (VTEM Plus) and magnetic survey carried out by Bold in 2022. A copy of the report may be found in the Project Reports section found on the Farwell Battery and Precious Metals Project page. Combined with the geological and geophysical work accomplished to date, a drill program to test these targets has been developed

The Farwell Gold and Copper project is located approximately 55km northwest of Wawa Ontario and consists of 133 Cells and Multi Cells comprising 15,901 acres (6,935 hectares). For reporting purposes, the Farwell property has been divided into three areas exhibiting gold and copper mineralization. They are the Farwell Sulphide Zone, the Tundra Gold Horizon and the Koala Gold Area. The focus for this phase of work is the Farwell Sulphide Zone where historical diamond drilling intersected highly anomalous copper values ranging up to 1.47% Cu over 5.2m (Bennett and Thurston 1977). The Farwell property geology and exploration results can be viewed at the Farwell Battery and Precious Metals Project.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
World Copper Closes Final Tranche of Over-Subscribed Non-Brokered Private Placement

World Copper Closes Final Tranche of Over-Subscribed Non-Brokered Private Placement

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") reports that pursuant to their news releases dated February 27, 2024 and April 12, 2024, the Company has closed the final tranche of their non-brokered financing, issuing an additional 16,531,957 units for proceeds of $1,157,237. Aggregate totals from both tranches total 69,547,069 units for gross proceeds of $4,868,294.89.

Each unit consisted of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.17 per share. The expiry of the Warrants may be accelerated if the closing price of the Company's common shares on the TSX Venture Exchange ("TSXV") is equal to or greater than $0.30 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Vizsla Copper

Vizsla Copper Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×