Vizsla Silver Corp 6-K, filed Dec 22, 2022
Vizsla Silver Corp. (VZLA)
About this 6-K
Vizsla Silver Corp filed this 6-K on December 22, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2022
Commission File Number: 001-41225
VIZSLA SILVER CORP.
(Registrant)
Suite 700, 1090 West Georgia Street
Vancouver, British Columbia V6E 3V7 Canada
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| VIZSLA SILVER CORP. | ||
| (Registrant) | ||
| Date December 22, 2022 | By | /s/ Michael Konnert |
| Michael Konnert | ||
| Chief Executive Officer | ||
EXHIBIT INDEX
| Exhibit | Description of Exhibit |
| 99.1 | Material Change Report |
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Company
VIZSLA SILVER CORP.
Suite 700, 1090 West Georgia Street
Vancouver, BC V6E 3V7
Item 2. Date of Material Change
December 19, 2022
Item 3. News Release
A news release was issued on December 19, 2022 and was disseminated by Cision and filed on SEDAR.
Item 4. Summary of Material Change
Vancouver, British Columbia (December 19, 2022) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to announce that it has entered into a binding strategic investment agreement with Prismo Metals Inc. (CSE: PRIZ). Pursuant to the Definitive Agreement, the Company will make a strategic investment with a right of first refusal to purchase the Palos Verdes project from Prismo, and acquire 4,000,000 units of Prismo, for aggregate consideration of C$2,000,000
Item 5. Full Description of Material Change
The Company announced that it has entered into a binding strategic investment agreement (the "Definitive Agreement") with Prismo Metals Inc. (CSE: PRIZ) ("Prismo"). Pursuant to the Definitive Agreement, the Company will make a strategic investment (the "Strategic Investment") with a right of first refusal to purchase the Palos Verdes project from Prismo, and acquire 4,000,000 units of Prismo, for aggregate consideration of C$2,000,000.
The terms of the Strategic Investment are set out in the Company's news release dated November 24, 2022. The Strategic Investment is expected to close upon receipt of all required approvals.
About the Palos Verdes concession
The Palos Verdes concession sits in the eastern area of Vizsla's Panuco district and covers 700 metres of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family located in the eastern part of the district outside of the area of modern exploration. Shallow drilling (<100m) conducted in 2018 on the Palos Verdes Vein was targeted 30 to 50 metres beneath largely barren vein outcrops and cut a well mineralized multistage vein two to seven metres wide with narrow intervals of high-grade precious metal values and subordinate base metals. This mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.
Recent drilling at the concession has intercepted a wide vein structure and past drilling has returned encouraging results, with the best being 2,336 g/t Ag and 8.42 g/t Au over a true width estimated at 0.8 metres within a larger mineralized interval with 1,098 g/t Ag and 3.75 g/t Au over a true width of 2.3 metres.
Item 6. Reliance on Subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
None.
Item 8. Executive Officer
Michael Konnert
Chief Executive Officer and President
Item 9. Date of Report
December 22, 2022