NR_Vizsla_20200709_Bought Deal Private Placement

VANCOUVER, July 9, 2020 /CNW/ – Vizsla Resources Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (“Vizsla” or the “Company”) announced today that it has entered into an agreement with Canaccord Genuity Corp. on behalf of an underwriting syndicate (the “Underwriters”), pursuant to which the Underwriters will purchase, on a bought deal private placement basis, 13,369,000 units (the “Units”) of the Company at a price of C$1.87 per Unit (the “Offering Price”) for gross proceeds to the Company of C$25,000,030 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of C$2.40 for a period of 24 months following the closing date (as defined below).