Vizsla Silver – Updated Resource Estimate Shows Major Growth and a $39Million Bought Deal Financing
Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) released a couple major news releases in the later part of January. On January 24th the Company announce an update to the Resource Estimate at the Panuco Project, in Mexico. Shortly after, on January 27th, the Company announced a share only bought deal private placement for $34million, which was up-sized the same day to $39million.
Mike Konnert, President and CEO of Vizsla Silver joins us to recap the Resource Estimate and financing. On the Resource Estimate, we focus on the high-grade silver over wider intercepts at the Copala area, which was a large component of the resource increase. We also discuss where the Company sees growth potential moving forward. This ties into the bought deal financing to fund exploration for this year and a potential economic study.
* In full disclosure, Shad is a shareholder of Vizsla Silver.