VANCOUVER, BC / ACCESSWIRE / April 18, 2024 / Vizsla Copper Corp. (TSXV:VCU) ("Vizsla Copper") and Universal Copper Ltd. (TSXV:UNV) ("Universal Copper") are pleased to announce the completion of the plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), as previously disclosed on February 14, 2024. Pursuant to the terms of the Arrangement, among other things, (i) Vizsla Copper acquired 100% of the issued and outstanding common shares in the capital of Universal Copper (the "UNV Shares") in exchange for the issuance of 0.23 common shares in the capital of Vizsla Copper (each whole common share, a "Vizsla Copper Share") to shareholders of Universal Copper ("Shareholders") in exchange for each UNV Share (the "Exchange Ratio"), (ii) Universal Copper's outstanding stock options ("Options") were exchanged for options of Vizsla Copper, and (iii) Universal Copper's outstanding warrants became exercisable to acquire Vizsla Copper Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio.

On April 16, 2024 the Supreme Court of British Columbia issued the final order to approve the Arrangement. The Arrangement received the requisite approval of Universal Copper's securityholders at a special meeting of securityholders held on April 10 , 2024. see & read more on
https://www.accesswire.com/854259/vizsla-copper-completes-acquisition-of-universal-copper