11:46 AM EST, 03/05/2024 (MT Newswires) -- Vizsla Copper Corp. ( VCUFF ) said Tuesday that it is raising $1.5 million in a private placement for exploration and general working capital purposes.

The offering comprises up to 23,076,923 units priced at $0.065 apiece.

Each unit consists of one share and one warrant, and each warrant is exercisable at $0.12 per share for 36 months.

Closing is expected on or about April 4.

Vizsla is focused on advancing its flagship Woodjam project in British Columbia.

Vizsla at last look lost 16.7% in early Tuesday trading.

Price: 0.08, Change: -0.02, Percent Change: -16.67