Vizsla Copper Completes Acquisition of Universal Copper

VANCOUVER, BC – Vizsla Copper Corp. and Universal Copper Ltd. have announced the completion of their arrangement under the Business Corporations Act of British Columbia, a deal initially declared on February 14, 2024. According to the agreement, Vizsla Copper has acquired all issued and outstanding shares of Universal Copper, with each Universal Copper shareholder receiving 0.23 Vizsla Copper shares for every Universal Copper share they held.

The completion follows the final order from the Supreme Court of British Columbia on April 16, 2024, with approval by Universal Copper shareholders on April 10, 2024. Craig Parry, Executive Chairman of Vizsla Copper, highlighted the strategic timing of the acquisition amid a booming copper market and projected increased copper demand and prices. Concurrently, Clive Massey, Universal Copper's CEO, expressed enthusiasm for the merger's potential to enhance shareholder value and strengthen market position.

Post-merger, the combined entity's total issued and outstanding shares number 181,375,021. Universal Copper shares are anticipated to be de-listed from the TSX Venture Exchange around April 19, 2024, as Vizsla Copper plans to cease Universal Copper's reporting issuer status.