VANCOUVER,
BC, Nov. 5, 2024 /CNW/ -
Vizsla Silver Corp.
(TSXV:
VZLA) (NYSE: VZLA)
(Frankfurt:
0G3) ("Vizsla Silver" or the
"Company") is pleased announce that it has received final
listing approval from the Toronto Stock Exchange (the "TSX")
to graduate from the TSX Venture Exchange (the "TSXV"). The
common shares of the Company (the "Common Shares") will
begin trading on the TSX effective at the market open on
November 7, 2024, under the symbol
"VZLA".
In conjunction with the graduation to the
TSX, the Common Shares will be voluntarily delisted from, and will
no longer trade on the TSXV, effective at the market close on
November 6, 2024.
The Common Shares will continue to trade on
the NYSE American under the symbol "VZLA".
"Uplisting to the TSX represents another
significant growth milestone for Vizsla Silver and its
shareholders," commented Michael Konnert, President & CEO. "As the
TSX is Canada's premier stock
exchange, we expect the higher profile listing will increase market
visibility and provide exposure to a broader range of
investors."
Shareholders will not be required to take
any action in connection with the graduation and listing on the
TSX. There will be no change in the Company's CUSIP.
About Vizsla Silver
Vizsla Silver is a Canadian mineral exploration
and development company headquartered in Vancouver, BC, focused on advancing its
flagship, 100%-owned Panuco
silver-gold project located in Sinaloa,
Mexico. The Company recently completed a Preliminary
Economic Study for Panuco in
July 2024 which highlights 15.2 Moz
AgEq of annual production over an initial 10.6-year mine life, an
after-tax NPV5% of US$1.1B, 86% IRR
and a 9-month payback at US$26/oz Ag
and US$1,975/oz Au. Vizsla Silver
aims to become the world's leading silver company by implementing a
dual track development approach at Panuco, advancing mine development, while
continuing district scale exploration through low-cost means.
Contact Information: For more information
and to sign-up to the mailing list, please contact: Michael Konnert, President and Chief Executive
Officer, Tel: (604) 364-2215, Email: info@vizslasilver.ca, Website:
www.vizslasilvercorp.ca
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING
STATEMENTS
This news release includes certain
"Forward‐Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
"forward‐looking information" under applicable Canadian securities
laws. When used in this news release, the words "anticipate",
"believe", "estimate", "expect", "target", "plan", "forecast",
"may", "would", "could", "schedule" and similar words or
expressions, identify forward‐looking statements or information.
These forward‐looking statements or information relate to, among
other things: the date of commencement of trading on the TSX and
other statements that are not historical facts.
Forward‐looking statements and
forward‐looking information relating to any future mineral
production, liquidity, enhanced value and capital markets profile
of Vizsla Silver, future growth potential for Vizsla Silver and its
business, and future exploration plans are based on management's
reasonable assumptions, estimates, expectations, analyses and
opinions, which are based on management's experience and perception
of trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions
have been made regarding, among other things, the price of silver,
gold, and other metals; costs of exploration and development; the
estimated costs of development of exploration projects; Vizsla
Silver's ability to operate in a safe and effective manner and its
ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver's
respective current views with respect to future events and are
necessarily based upon a number of other assumptions and estimates
that, while considered reasonable by management, are inherently
subject to significant business, economic, competitive, political
and social uncertainties and contingencies. Many factors, both
known and unknown, could cause actual results, performance, or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward‐looking statements or forward-looking information
and Vizsla Silver has made assumptions and estimates based on or
related to many of these factors. Such factors include, without
limitation: the Company's dependence on one mineral project;
precious metals price volatility; risks associated with the conduct
of the Company's mining activities in Mexico; regulatory, consent or permitting
delays; risks relating to reliance on the Company's management team
and outside contractors; risks regarding mineral resources and
reserves; the Company's inability to obtain insurance to cover all
risks, on a commercially reasonable basis or at all; currency
fluctuations; risks regarding the failure to generate sufficient
cash flow from operations; risks relating to project financing and
equity issuances; risks and unknowns inherent in all mining
projects, including the inaccuracy of reserves and resources,
metallurgical recoveries and capital and operating costs of such
projects; contests over title to properties, particularly title to
undeveloped properties; laws and regulations governing the
environment, health and safety; operating or technical difficulties
in connection with mining or development activities; employee
relations, labour unrest or unavailability; the Company's
interactions with surrounding communities and artisanal miners; the
Company's ability to successfully integrate acquired assets; the
speculative nature of exploration and development, including the
risks of diminishing quantities or grades of reserves; stock market
volatility; conflicts of interest among certain directors and
officers; lack of liquidity for shareholders of the Company;
litigation risk; and the factors identified under the caption "Risk
Factors" in Vizsla Silver's management discussion and analysis.
Readers are cautioned against attributing undue certainty to
forward‐looking statements or forward-looking information. Although
Vizsla Silver has attempted to identify important factors that
could cause actual results to differ materially, there may be other
factors that cause results not to be anticipated, estimated or
intended. Vizsla Silver does not intend, and does not assume any
obligation, to update these forward‐looking statements or
forward-looking information to reflect changes in assumptions or
changes in circumstances or any other events affecting such
statements or information, other than as required by applicable
law.
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SOURCE Vizsla Silver Corp.