03:49 PM EDT, 05/26/2025 (MT Newswires) -- Vizsla Copper ( VCUFF ) Monday announced it has closed the final tranche in its non-brokered private placement for additional gross proceeds of $1.76 million.

A statement noted the total offering raised aggregate gross proceeds of near $5.57 million.

In the final tranche, a further 33.92 million units of the company were issued at a price of $0.05 per unit for gross proceeds of near $1.7 million. Each unit consists of one common share of the company and one common share purchase warrant.

In the final tranche, a total of near 1.255 million flow-through units of the company were issued at a price of $0.055 per FT unit for gross proceeds of $68,997.50. Each FT Unit consists of one common share of the company to be issued as a "flow-through share" within the meaning of the Income Tax Act and one-half of one warrant.

Each whole warrant shall entitle the holder to purchase one common share of the company at a price of $0.09 at any time on or before that date which is May 26, 2027.

The company intends to use the net proceeds from the sale of units for working capital and general corporate purposes.

In addition, the company has amended the terms of the Megaton option agreement dated May 6, 2013, with respect to its right to acquire a 100% interest in the Megaton Property.

Under the new amended terms, Vizsla Copper ( VCUFF ) will issue 4.2 million common shares to the optionors in lieu of making a cash payment of $250,000.