VANCOUVER, BC, Jan. 20,
2023 /CNW/ - Vizsla Copper Corp. (TSXV: VCU)
(OTCQB: VCUFF) ("Vizsla Copper" or the
"Company") announces that, subject to regulatory approval,
it has retained Red Cloud Securities ("Red Cloud") to provide liquidity services to
the Company in compliance with the policies and guidelines of the
TSX Venture Exchange ("TSX-V") and other applicable
legislation. Red Cloud is a
Toronto-based financial services
company that helps mineral exploration and mining companies with
accessing capital markets and enhancing their corporate
profile. Red Cloud will trade
shares of Vizsla Copper on the TSX-V for the purposes of
maintaining a reasonable market and improving the liquidity of the
Company's common shares.
![Vizsla Copper Corp. logo (CNW Group/Vizsla Copper Corp.) Vizsla Copper Corp. logo (CNW Group/Vizsla Copper Corp.)](https://mma.prnewswire.com/media/1987090/Vizsla_Copper_Corp__VIZSLA_COPPER_ANNOUNCES_ENGAGEMENT_OF_RED_CL.jpg)
Under the agreement, the Company will pay Red Cloud $5,000
per month during the term, payable quarterly in advance. The
term of engagement is ongoing and may be terminated by either party
on 30 days' prior written notice. The Company and
Red Cloud have an arm's length
relationship, but Red Cloud and/or
its clients may have an interest, directly or indirectly, in the
securities of the Company. The agreement is principally for
the purposes of maintaining market stability and liquidity for the
Company's common shares and is not a formal market making
agreement. There are no performance factors contained in the
agreement between Red Cloud and the
Company and Red Cloud will not
receive any shares or options from the Company as compensation for
services it will render.
About Red Cloud
Securities
Red Cloud Securities Inc. is registered as an Investment Dealer
in Ontario, Quebec. Alberta and British
Columbia and is a member of the Investment Industry
Organization of Canada
(IIROC). It is focused on providing unique comprehensive
capital market services and innovative financing alternatives to
the junior resource sector. The company was founded by
capital markets professionals who designed the firm to service
small public and private companies. This solution is a
comprehensive platform that provides a full range of unconflicted
corporate access services. Offering these services as a
unified platform provides the ultimate value proposition for issuer
clients.
About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and
development company headquartered in Vancouver, Canada. The Company is focused on
its flagship Woodjam project, located within the prolific Quesnel
Terrane, 55 kilometers east of the community of Williams Lake, British Columbia and has two
additional copper exploration properties, the Blueberry and
Carruthers Pass projects, well
situated amongst significant infrastructure in British Columbia. The Company's growth
strategy is focused on the exploration and development of its
copper properties within its portfolio in addition to value
accretive acquisitions. Vizsla Copper's vision is to be a
responsible copper explorer and developer in the stable mining
jurisdiction of British Columbia,
Canada and is committed to socially responsible exploration
and development, working safely, ethically and with integrity.
Vizsla Copper is a spin-out of Vizsla Silver (TSXV: VZLA) (NYSE:
VZLA) and is backed by Inventa Capital Corp., a premier investment
group founded in 2017 with the goal of discovering and funding
opportunities in the resource sector. Additional information about
the Company is available on SEDAR (www.sedar.com) and the Company's
website (www.vizslacopper.com).
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FORWARD LOOKING
STATEMENTS
The information contained herein contains "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not
limited to, statements with respect to the activities, events or
developments that the Company expects or anticipates will or may
occur in the future, including, without limitation, planned
exploration activities. Generally, but not always, forward-looking
information and statements can be identified by the use of words
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof.
Such forward-looking information and statements are based on
numerous assumptions, including among others, that the results of
planned exploration activities are as anticipated, the anticipated
cost of planned exploration activities, that general business and
economic conditions will not change in a material adverse manner,
that financing will be available if and when needed and on
reasonable terms, that third party contractors, equipment and
supplies and governmental and other approvals required to conduct
the Company's planned exploration activities will be available on
reasonable terms and in a timely manner. Although the assumptions
made by the Company in providing forward-looking information or
making forward-looking statements are considered reasonable by
management at the time, there can be no assurance that such
assumptions will prove to be accurate.
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual events or results in future periods to differ
materially from any projections of future events or results
expressed or implied by such forward-looking information or
statements, including, among others: negative operating cash flow
and dependence on third party financing, uncertainty of additional
financing, no known mineral reserves or resources, the limited
operating history of the Company, the influence of a large
shareholder, aboriginal title and consultation issues, reliance on
key management and other personnel, actual results of exploration
activities being different than anticipated, changes in exploration
programs based upon results, availability of third party
contractors, availability of equipment and supplies, failure of
equipment to operate as anticipated; accidents, effects of weather
and other natural phenomena and other risks associated with the
mineral exploration industry, environmental risks, changes in laws
and regulations, community relations and delays in obtaining
governmental or other approvals.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information or implied by
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that forward-looking information and statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking
information as a result of new information or events except as
required by applicable securities laws.
SOURCE Vizsla Copper Corp.