Bullboard - Stock Discussion Forum Vizsla Silver Corp V.VZLA

Alternate Symbol(s): VZLA

Metals & Mining Industrial Metals & Minerals

Vizsla Silver Corp. is a Canada-based company. The Company's principal business activity is the exploration of mineral properties. The Company is engaged in operating Panuco silver-gold project, which is a high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlan. The project's mineralization occurs as silver sulphides, including argentite and acanthite, native gold... see more

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Vizsla Silver Corp > Vizsla... a small-cap stock to watch

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Post by zack50 on Nov 24, 2022 12:18pm

Vizsla... a small-cap stock to watch

Vizsla Silver Corp. (VZLA-X) announced a strategic investment in Prismo Metals Inc. (PRIZ-CN) and the right of first refusal to purchase the company’s Palos Verdes project in Mexico and four million units of Prismo for a total consideration of $2-million.

The investment will include a $500,000 cash payment at closing and a million common shares of Vizsla. Each Prismo unit will consist of one common share of Prismo and one-half of one common share purchase warrant exercisable for two years at a price of 75 cents.

Following the completion of the investment, Vizsla said it will own and control approximately 12 per cent of Prismo shares and 17 per cent on a partially diluted basis.

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