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Vizsla Silver ( (TSE:VZLA) ) has issued an update.
Vizsla Silver Corp. announced a US$100 million bought deal financing agreement with Canaccord Genuity and a syndicate of underwriters to purchase 33,334,000 common shares at US$3.00 each. The proceeds will be used to advance the exploration, drilling, and development of the Panuco Project, as well as for working capital and general corporate purposes. The offering is expected to close on or about June 26, 2025, subject to regulatory approvals, and includes an over-allotment option that could increase total gross proceeds to US$115,002,300.
The most recent analyst rating on (TSE:VZLA) stock is a Buy with a C$4.75 price target. To see the full list of analyst forecasts on Vizsla Silver stock, see the TSE:VZLA Stock Forecast page.
More about Vizsla Silver
Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The company aims to become the world’s leading silver company by implementing a dual track development approach at Panuco, advancing mine development, while continuing district scale exploration through low-cost means.
YTD Price Performance: 77.73%
Average Trading Volume: 670,914
Technical Sentiment Signal: Buy
Current Market Cap: C$1.32B
See more insights into VZLA stock on TipRanks’ Stock Analysis page.