Vizsla Silver Corp. announced a private placement on a bought deal basis for issuance of 20,000,000 common shares at a price of CAD 1.50 per share for aggregate gross proceeds of CAD 30,000,000 on February 21, 2024. The closing of the offering is anticipated to occur on or about February 29, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange.

The company has agreed to grant the underwriters an option to cover over-allotments, which will allow the underwriters to purchase up to an additional 15% of the Shares sold pursuant to the offering, on the same terms as the offering. The over-allotment option may be exercised in whole or in part at any time, for a period of 30 days after the closing date.