08:58 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.