Vizsla Silver Corp. announced that it has entered into an agreement for a private placement on commercially reasonable efforts of 23,727,000 common shares of the company at a price of CAD 1.65 per share for gross proceeds of CAD 39,149,550 on January 27, 2023. The Company will grant the agents an option which will allow the agents to offer up to an additional 15% of the offering, on the same terms as the shares.

The agentÆs option may be exercised in whole or in part at any time prior to the closing date of the offering. The closing of the offering is anticipated to occur on or around February 9, 2023, 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. All securities issued under the offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing date.