11:47 AM EDT, 07/14/2025 (MT Newswires) -- Vizsla Silver ( VZLA ) on Monday said underwriters of its recently completed bought-deal public offering exercised their over-allotment option in full, purchasing an five-million shares of the company at US$3.00 each, generating additional proceeds of US$15 million.

Including the exercise, the company sold 38.3-million shares priced at US$3.00 in the offering, for total proceeds of $114.9-million

Vizsla said proceeds will be used to advance the exploration and development of the Panuco Project, exploration of the Santa Fe Project, potential future acquisitions, as well as for working capital and general corporate purposes as set out in the prospectus supplement.

The company's shares were last seen up $0.08 to $4.51 on the Toronto Stock Exchange.

Price: 4.51, Change: +0.08, Percent Change: +1.81