05:54 PM EDT, 10/17/2024 (MT Newswires) -- Vizsla Silver ( VZLA ) said Thursday it completed the acquisition of the past-producing La Garra-Metates district in the Panuco-San Dimas corridor, known for rich deposits of minerals, particularly silver and gold.

The company said it will pay $3.075 million in cash and issue an aggregate of 5.56 million shares with a deemed price of $1.26 a share over 24 months after closing.

Vizsla paid $1.61 million in back taxes owing on the concessions comprising the La Garra-Metates district.

Price: 2.1200, Change: +0.04, Percent Change: +1.92