Vizsla Silver shares are trading lower after the company announced a $65 million bought deal financing for the sale of 25 million shares at $2.60 per share.
Portfolio Pulse from Benzinga Newsdesk
Vizsla Silver's shares are declining following the announcement of a $65 million bought deal financing, involving the sale of 25 million shares at $2.60 each.
September 16, 2024 | 5:04 pm
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Vizsla Silver's stock is experiencing a decline due to the announcement of a $65 million bought deal financing, which involves issuing 25 million shares at $2.60 each.
The announcement of a bought deal financing often leads to a decrease in stock price due to dilution concerns. Issuing 25 million shares at $2.60 each suggests a significant increase in share supply, which can pressure the stock price downward.
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