Prismo Metals Inc., a junior mining company focused on precious metal exploration in Mexico, announces its binding strategic investment agreement and its right of first refusal with Vizsla Silver Corp.
Pursuant to the definitive agreement, Vizsla will make a strategic investment in Prismo by acquiring 4 million units of Prismo for an aggregate consideration of $2 million. Vizsla will also acquire a right of first refusal to purchase the Palos Verdes project from Prismo.
The strategic investment will provide Prismo with a cash injection of $500,000 and the issuance of one million Vizsla shares valued at $1.5 million.
A Fasken team composed of Frank Mariage and Vincent Maltais advised Prismo Metals Inc. in connection with this agreement.
Jurisdiction
- Québec
