Canadian Mining Journal

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Eric Sprott takes $10M stake in Vizsla Resources



Vizsla Resources (TSXV: VZLA) has closed a bought deal private placement for 16 million units of the company at a price of $1.87 per unit for gross proceeds of $30 million and includes the exercise in full of the underwriters’ over-allotment option.

Each unit consists of one common share in the company and one common share purchase warrant, with each warrant entitling the holder to purchase one common share for $2.40 per share.

Under the deal, 2176423 Ontario, a company controlled by Eric Sprott, acquired around 5 million units for a total consideration of $10 million. Following the acquisition, Sprott owns or controls 6.06% of the issued and outstanding common shares of the company on a non-diluted basis and 11.42% on a partially diluted basis, the company reports.

Continue reading at www.northernminer.com


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1 Comment » for Eric Sprott takes $10M stake in Vizsla Resources
  1. Lashky Scheinman says:

    Famous Investor Jim Rogers says repeatedly to invest in what you know, something familiar to you and you like. I love silver, it feels good to look at a stack of silver Maple Leafs, knowing that for thousands of years this has been valued as a currency. It’s a tangible asset of enduring presence both in our world and in the collective psyche of mankind. Resources of this world are not in infinite supply, so we must value what we have. Silver goes beyond having its place as currency in the history of mankind, it is essential in so many industrial and medical applications its mind boggling. We humans have taken for granted that this earth will just continue to provide us for our needs but this thinking is absolutely false…and the proof lies in the billions being invested in space travel and exploration by paranoid rich people who think their lives will be better elsewhere. There is no place in this universe as beautiful as Mother Earth and the riches she has provided us…silver is her gift to us. Well worth investing in silver exploration and mining.

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