| Over a week ago | ||||
Vizsla Silver entered… Vizsla Silver entered into an agreement with PI Financial Corp. as sole bookrunner and lead agent, on behalf of a syndicate of agents in connection with a commercially reasonable efforts private placement of 20,610,000 common shares of the Company at a price of $1.65 per Share for aggregate gross proceeds of $34,006,500, excluding any additional proceeds raised from the exercise of the Agents' Option. The Company will grant the Agents an option, which will allow the Agents to offer up to an additional 15% of the Offering, on the same terms as the Shares. The Agents' Option may be exercised in whole or in part at any time prior to the Closing Date of the Offering. The net proceeds from the Offering will be used to advance the exploration, drilling and development of the Company's Panuco Project, as well as for working capital and general corporate purposes. The closing of the Offering is anticipated to occur on or around February 9, 2023 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. All securities issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the Closing Date. | ||||
Stifel analyst Stephen… Stifel analyst Stephen Soock raised the firm's price target on Vizsla Silver to C$3.75 from C$3.30 and keeps a Buy rating on the shares. | ||||
H.C. Wainwright analyst… H.C. Wainwright analyst Heiko Ihle raised the firm's price target on Vizsla Silver to $2.75 from $2 and keeps a Buy rating on the shares. The analyst cites the "impressive improvement of Panuco" for the target raise. | ||||
| Over a month ago | ||||
Stifel analyst Stephen… Stifel analyst Stephen Soock lowered the firm's price target on Vizsla Silver to C$3.30 from C$3.50 and keeps a Buy rating on the shares. | ||||
Vizsla Silver Corp.… Vizsla Silver Corp. announced that it has entered into an agreement with PI Financial Corp. as co-lead underwriter and joint bookrunner on its own behalf and on behalf of a syndicate of underwriters including Canaccord Genuity Corp. as co-lead underwriter and joint bookrunner, pursuant to which the underwriters have agreed to purchase, on a "bought deal" basis, 13.8M units of the company, at a price of $1.45 per unit for gross proceeds of $20.01M. The net proceeds of the offering will be used to advance the exploration and development of Panuco, including the delivery of a resource update in Q4, as well as for working capital and general corporate purposes. | ||||
| Over a quarter ago | ||||
Stifel analyst Stephen… Stifel analyst Stephen Soock initiated coverage of Vizsla Silver with a Buy rating and C$3.50 price target. The resource at the Panuco project in Mexico is "world-class and growing rapidly," said Soock, who sees the deposits supporting mid-tier level production with a high margin over an 11 year mine life. | ||||
H.C. Wainwright analyst… H.C. Wainwright analyst Heiko Ihle initiated coverage of Vizsla Silver with a Buy rating and $1.60 price target. Vizsla is actively advancing its 100%-owned Panuco silvergold project located in Sinaloa, Mexico, Ihle tells investors in a research note. He believes maiden resource "provides a strong foundation for increased value." | ||||
Raymond James analyst… Raymond James analyst Craig Stanley initiated coverage of Vizsla Silver with an Outperform rating and C$2.65 price target. The company is focused on its 100% owned Panuco Ag plus Au Project in Sinaloa, Mexico, Stanley tells investors in a research note. The 6,754-hectare property package benefits from over 75 km of known vein strike extent, 35 km of underground workings, "excellent" road access and power, says the analyst. | ||||
