Vizsla Silver completes acquisition of Universal Copper

Vizsla Copper announced the completion of the plan of arrangement under the Business Corporations Act, as previously disclosed on February 14, 2024. Pursuant to the terms of the Arrangement, among other things, Vizsla Copper acquired 100% of the issued and outstanding common shares in the capital of Universal Copper in exchange for the issuance of 0.23 common shares in the capital of Vizsla Copper to shareholders of Universal Copper in exchange for each UNV Share, Universal Copper’s outstanding stock options were exchanged for options of Vizsla Copper, and Universal Copper’s outstanding warrants became exercisable to acquire Vizsla Copper Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio. On April 16, 2024 the Supreme Court of British Columbia issued the final order to approve the Arrangement. The Arrangement received the requisite approval of Universal Copper’s securityholders at a special meeting of securityholders held on April 10 , 2024. The UNV Shares are expected to be de-listed from the TSX Venture Exchange effective as of the close of business on or about April 19, 2024. Vizsla Copper also intends to submit an application to the applicable securities regulators to have Universal Copper cease to be a reporting issuer and terminate its public reporting obligations.