Consolidated Woodjam Copper Corp. entered into a definitive arrangement to acquire Vizsla Copper Corp. for CAD 3 million in a reverse merger transaction.
The deal is subject to regulatory approvals, the approval of at least 66 2/3% of the votes cast by the shareholders of WCC, court approvals, approval of the TSX Venture Exchange and the satisfaction of certain other closing conditions customary in transactions of this nature. The transaction has been unanimously approved by the board of directors of each of Vizsla Copper and WCC. The WCC board of directors has agreed to recommend that WCC shareholders vote in favor of the arrangement. On November 17, 2022, Consolidated Woodjam Copper Corp. shareholders approved the transaction. On November 24, 2022, Woodjam has obtained a final order from the Supreme Court of British Columbia approving the acquisition. As of November 24, 2022, the transaction is expected to close in the coming weeks. Vizsla Copper to Webcast Live at VirtualInvestorConferences.com on December 8, 2022, in connection with the closing of the acquisition. The Arrangement is expected to be completed on or about December 13, 2022. Upon completion of the Arrangement, Vizsla Copper will have a total cash balance of approximately CAD 3.5 million, which will be used to fund ongoing exploration work at Vizsla's properties. As of December 8, 2022. Consolidated Woodjam Copper Corp. (TSXV: WCC) (Woodjam) is pleased to announce that both Woodjam and Vizsla Copper Corp. (Vizsla Copper) have obtained final approval from the TSX Venture Exchange.