Prismo Metals Announces Private Placement, Debt Settlement, and Exploration Update

Prismo Metals Inc. (CSE:PRIZ) has secured commitments for a $1.1 million private placement at $0.17 per unit. Each unit includes one common share and a half-warrant, exercisable at $0.25 for 24 months.

The company plans significant drilling activities at its Hot Breccia Copper Project in Arizona and Palos Verdes Silver Project in Mexico. At Hot Breccia, drilling will include five holes with an expected depth of 1,000 meters each. A BLM permit is anticipated soon.

For Palos Verdes, 3,600 meters will be drilled in ten holes targeting the Palos Verdes vein. Drilling will take place from adjacent concessions of Vizsla Silver Corp.

Company President, Steve Robertson, noted renewed investor interest due to rising commodity prices. Chief Exploration Officer, Craig Gibson, highlighted plans to mobilize drilling crews post-private placement closure.