05:49 AM EST, 11/20/2025 (MT Newswires) -- Vizsla Silver ( VZLA ) said Thursday it priced a $250 million offering of convertible senior unsecured notes due 2031, for about $239.4 million in expected net proceeds.

Initial purchasers have a 13-day overallotment option to buy up to an additional $50 million of the notes.

The company expects the offering to close by Monday and plans to use the net proceeds to support the exploration and development of the Panuco project and to fund certain capped call transactions, among other things, it said.

Vizsla shares were down 12% in recent premarket activity.