This news release is not for distribution to U.S. newswire services or for dissemination in the United Shares
Vancouver, British Columbia (March 27, 2024) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA)
(Frankfurt: 0G3) (“Vizsla Silver” or the “Company”) is pleased to announce that it has executed an
arrangement agreement with Vizsla Royalties Corp. (“Vizsla Royalties”), whereby the business of the
Company will be reorganized into two companies by way of a plan of arrangement (the “Arrangement”)
under the Business Corporations Act (British Columbia). Vizsla Silver shareholders will vote on the
Arrangement at a special meeting of shareholders (“Meeting”) to be held on a date to be announced. To
be effective, the Arrangement must be approved by a special resolution passed by at least 66?% of the
votes cast by Vizsla Silver shareholders present in person or represented by proxy at the Meeting, which
shareholders are entitled to one vote for each Vizsla Silver share held.
The Arrangement involves, among other things, the distribution of common shares (the “Vizsla Royalties
Shares”) and warrants of Vizsla Royalties (the “Vizsla Royalties Warrants”) to Vizsla Silver shareholders
such that each shareholder as of a particular date, immediately prior to closing of the transaction (the
“Record Date”) will receive 1/3 of a Vizsla Royalties Share and 1/3 of a Vizsla Royalties Warrant for each
common share of Vizsla Silver (the “Vizsla Silver Shares”) held as of the Record Date. Vizsla Silver warrants
will also be adjusted and Vizsla Silver options will be replaced pursuant to the Arrangement as described
in more detail in the information circular (“Circular”) that will be mailed to shareholders prior to the
Meeting.
After careful consideration, the Board of Directors has unanimously determined that the Arrangement is
fair to shareholders and is in the best interests of the Company. A description of the various factors
considered by the Board of Directors in arriving at this determination will be provided in the Circular.
ATM Program
The Company also announces that it has entered into an equity distribution agreement (the “Distribution
Agreement”) with Canaccord Genuity Corp. (“Canaccord Genuity”) and filed a Prospectus Supplement (as
defined below) in respect of an at-the-market equity program (the “ATM Program”).
The ATM Program allows the Company to issue and sell up to C$50,000,000 of Vizsla Silver Shares from
treasury to the public, from time to time, through Canaccord Genuity, at the Company’s discretion and in
accordance with the terms and conditions of the Distribution Agreement. All Vizsla Silver Shares issued
under the ATM Program will be sold in transactions that are deemed to be “at-the-market distributions”
as defined in National Instrument 44-102 – Shelf Distributions, including sales made directly on the TSX ...
https://vizslasilvercorp.com/site/assets/files/7661/vzla_-_news_release_announcing_atm_final-1.pdf