09:36 AM EDT, 09/19/2024 (MT Newswires) -- Vizsla Silver ( VZLA ) on Thursday said it has raised $65 million through a bought deal offering of 25 million shares at $2.60 each.

The underwriters have been granted an over-allotment option of an additional 3.75 million shares.

Proceeds will be used to advance the Panuco Project in Mexico, for working capital and general corporate purposes.

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