Vizsla Silver (TSE:VZLA) has released an update.
Vizsla Silver Corp. is set to hold a special meeting to seek shareholder approval for spinning out its Vizsla Royalties division, allowing shareholders to receive shares and warrants in the new entity. The spinout requires a two-thirds majority vote and is anticipated to close by June 24, 2024, with shareholders of record on June 21 eligible for the new shares. Post-arrangement, Vizsla Silver will retain about 55% of Spinco, which is also planning a listing on the TSX Venture Exchange.
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