Vizsla, Universal conclude merger

Canadian mineral exploration and development companies Vizsla Copper and Universal Copper have completed a merger arrangement whereby Vizsla acquired 100% of the issued and outstanding common shares in the capital of Universal in exchange for the issuance of 0.23 common shares in the capital of Vizsla to shareholders of Universal in exchange for each Universal share. Also, Universal’s outstanding stock options were exchanged for options of Vizsla, and Universal’s outstanding warrants became exercisable to acquire Vizsla shares, in amounts and at exercise prices adjusted in accordance with the exchange ratio.