06:37 AM EDT, 03/19/2024 (MT Newswires) -- Vizsla Copper Corp. ( VCUFF ) overnight Monday said that it has upsized its non-brokered private placement to $2.5 million from $1.5 million.

The company will issue nearly 38.5 million units at $0.065 apiece for gross proceeds of up to $1.5 million. Each unit will consist of one common share and one common share purchase warrant.

Each warrant will allow the holder to buy one additional share at $0.12 per warrant share until the date which is 36 months following the closing date.

The company plans to use the proceeds for further exploration and general working capital purposes.

The offering is expected to close by April 4.