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Dec. 21, 2012 /PRNewswire/ -- Vista Gold Corp. (the "Company," "we" or "our") (NYSE MKT and TSX: VGZ) announced today the closing of its previously announced public offering of 4,182,550 units, which includes 545,550 units issued pursuant to the full exercise of the underwriters' over-allotment option. The units were offered at a price to the public of
US$2.75 per unit. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one common share of the Company's stock at a price of
US$3.30 for a period of 24 months from the closing of this offering. The Company will not apply for the listing of the warrants on any stock exchange.
The gross proceeds of the offering, before expenses, were
US$11,502,013. The Company intends to use the net proceeds of the offering to advance our Mt. Todd gold project in
Australia, including completing a bankable feasibility study, for corporate administration, to complete a preliminary economic assessment on our
Guadalupe de los Reyes gold/silver project in
Mexico, and for working capital requirements and general corporate purposes.
Dahlman Rose & Company, LLC and National Bank Financial Inc. acted as joint book-running managers for the offering and Casimir Capital L.P. acted as co-manager for the offering.
Copies of the final prospectus supplement and accompanying base shelf prospectus relating to this offering can be obtained at the SEC's website at
www.sec.gov and on SEDAR at
www.sedar.com. A copy of the preliminary prospectus supplement and accompanying prospectus relating to these securities may also be obtained from:
Dahlman Rose & Company, LLCAttn: Prospectus Dept.1301 Avenue of the Americas, 36th Floor
New York, NY 10019Phone: (212) 702-4521Fax: (212) 920-2952Email:
National Bank Financial Inc.Attn:
King Street West, Suite 3200
Toronto, ON M5X 1J9Phone: (416) 869-6662Fax: (416) 869-1010Email:
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the base shelf prospectus or the Company's shelf registration statement.