On June 3, 2021, Vizsla Silver Corp. closed a bought deal prospectus offering of 27,600,000 units at a price of $2.50 per unit for aggregate gross proceeds of $69 million, which includes the exercise in full of the underwriters’ over-allotment option. Each unit consists of one common share of Vizsla and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one Vizsla common share at a price of $3.25 until December 3, 2022.
The offering was conducted by Canaccord Genuity Corp., as lead underwriter and sole-bookrunner, and PI Financial Corp., Clarus Securities Inc. and Sprott Capital Partners LP.
Cassels acted for the underwriters.