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.