Mining & Metals
Vizsla Silver's Mexican Subsidiary Secures Working Capital Facility for Panuco Silver-Gold Project
Vizsla Silver's (VZLA.V) Mexican subsidiary Minera Canam, which holds the Panuco silver-gold project, has entered into an unsecured credit agreement for working capital facility amounting to 173 million Mexican pesos, the company said on Tuesday.The facility with Mexican government-backed financial institution Fideicomiso de Fomento Minero has a five-year term and an interest rate based on the TIIE funding rate plus a 4.6681% margin.The proceeds will be used to support operating and working capital expenditures related to the Panuco project.British Columbia-based Vizsla is focused on advancing its flagship Panuco silver-gold project in Sinaloa, Mexico.
$VZLA.V
