Vizsla Silver Corp. (TSXV: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (“Vizsla Silver” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Agreement”) with Cariboo Rose Resources Ltd. (TSXV: CRB) (“Cariboo Rose”), part of the Eastfield Group of Companies, to earn a 60% interest in the Carruthers Pass copper property (the “Property”) in British Columbia.
Vizsla’s Board of Directors is currently evaluating a spin out proposal of its British Columbia copper assets, being the 100% owned Blueberry project and the option on the Carruthers Pass property. After the spinout, Vizsla Silver shareholders would end up owning shares in both Vizsla Silver and, the spin out entity, Vizsla Copper. Management of the Company estimates that Vizsla Silver shareholders will receive one Vizsla Copper share for every three common shares of Vizsla Silver.
“The addition of the Carruthers Pass project to our copper subsidiary brings significant value to Vizsla Silver’s shareholders by providing them with exposure to an excellent copper asset in the most exciting time for the copper market” commented Michael Konnert, Vizsla Silver’s CEO. “Our board is currently evaluating the best option to maximize shareholder value for these assets and this vehicle we’ve created.” |
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