Vizsla Copper Corp. Closes Final Tranche of Private Placement
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VANCOUVER, BC, May 26, 2025 /CNW/ – Vizsla Copper Corp. (TSXV:VCU) (OTCQB:VCUFF) has closed the final tranche of its non-brokered private placement, raising an additional C$1,764,997.50. The total gross proceeds from the Offering amount to C$5,565,717.45.
In this final tranche, the Company issued 33,920,000 HD Units at C$0.05 each, generating C$1,696,000. Each HD Unit includes one common share and one purchase warrant.
Additionally, the Company sold 1,254,500 flow-through units (FT Units) at C$0.055 per unit, raising C$68,997.50. Each FT Unit comprises one common share and one-half of a warrant.
Holders of whole warrants can purchase common shares at C$0.09 until May 26, 2027.
Vizsla Copper will allocate the net proceeds from HD Units toward working capital and general corporate purposes. Funds from FT Units will go towards eligible “Canadian exploration expenses” as defined by the Income Tax Act, related to projects in British Columbia, Canada. All qualifying expenditures will be renounced to FT Unit subscribers effective December 31, 2025.
As part of the final tranche, the Company paid $4,140 in finders fees and issued 78,000 finders warrants. Each warrant allows the finder to purchase a common share at $0.09 until May 26, 2027.
The securities from this Offering are subject to a four-month and one-day hold period. Completion of the Offering needs final approval from the TSX Venture Exchange.
Directors and officers subscribed for a total of 11,574,500 Offered Units worth $580,997.50, marking this as a related-party transaction as per Multilateral regulations.