Vista Gold Corp. Announces Pricing of Public Offering of Common Shares
31 Oktober 2006 - 4:34AM
PR Newswire (US)
DENVER, Oct. 30 /PRNewswire-FirstCall/ -- Vista Gold Corp.
(AMEX:VGZ) Toronto (the "Company") announced today that it has
priced a public offering (the "Offering") of a minimum of US$25
million and a maximum of US$32 million of its common shares at a
price to the public of US$8.50 per share. The closing of the
Offering is expected to take place on November 7, 2006, subject to
the satisfaction of customary closing conditions. All of the shares
are being offered on a best efforts agency basis pursuant to an
effective shelf registration statement previously filed with the
U.S. Securities and Exchange Commission. The Company has also
previously filed a base shelf prospectus with the securities
regulatory authorities in the provinces of British Columbia,
Alberta, Manitoba and Ontario, Canada in connection with the
Offering. The Company expects to use the proceeds of the Offering
to finance the previously-announced transaction involving the
transfer of the Company's Nevada based properties into a new
publicly-listed company and the acquisition by that new company of
the Nevada based mining assets of Carl and Janet Pescio, and for
general working capital and general corporate purposes. Sprott
Securities (U.S.A.) Limited is acting as lead agent in respect of
the Offering. Copies of the final prospectus supplements, once
filed, and the base shelf prospectuses may be obtained from Sprott
Securities Inc. (attn: Susan Samila-Moroz), Suite 2800, South
Tower, Royal Bank Plaza, Toronto, Ontario, M5J 2J2, Tel# (416)
943-6405 and Fax # (416) 943-6496. When a final prospectus
supplement relating to the Offering has been filed with the SEC, it
will be available along with the base prospectus filed with the SEC
in connection with the shelf registration, on the SEC's website at
http://www.sec.gov/. Copies of any prospectus supplements filed
with the securities regulatory authorities in Canada will be
available, along with the Canadian base shelf prospectus, on the
internet at http://www.sedar.com/. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy
common shares nor shall there be any sale of such securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. About Vista Gold
Corp. Vista Gold Corp., based in Littleton, Colorado, evaluates and
acquires gold projects with defined gold resources. Additional
exploration and technical studies are undertaken to maximize the
value of the projects for eventual development. The Company's
holdings include the Maverick Springs, Mountain View, Hasbrouck,
Three Hills, Wildcat projects, the F.W. Lewis, Inc. properties and
the Hycroft mine, all in Nevada, the Long Valley project in
California, the Yellow Pine project in Idaho, the Paredones
Amarillos and Guadalupe de los Reyes projects in Mexico, the Mt.
Todd project in Australia, the Amayapampa project in Bolivia and
the Awak Mas project in Indonesia. Forward-Looking Statements This
press release contains forward-looking statements within the
meaning of the U.S. Securities Act of 1933 and U.S. Securities
Exchange Act of 1934. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that Vista expects or
anticipates will or may occur in the future, including those
relating to the proposed equity financing by Vista, are
forward-looking statements. The timing, occurrence and results of
events could differ materially from those anticipated in the
forward-looking statements as a result of risks and uncertainties,
which include, without limitation, capital market conditions, risks
relating to fluctuations in the price of gold and uncertainties
concerning reserve and resource estimates, as well as those factors
discussed in Vista's latest Annual Report on Form 10-K and
Quarterly Report on Form 10-Q and other documents filed with the
U.S. Securities and Exchange Commission. Although Vista has
attempted to identify important factors that could cause actual
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements. Vista assumes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future events or otherwise. For further
information, please contact Greg Marlier at (720) 981-1185, or
visit the Vista Gold Corp. website at http://www.vistagold.com/.
DATASOURCE: Vista Gold Corp. CONTACT: Greg Marlier of Vista Gold
Corp., +1-720-981-1185 Web site: http://www.vistagold.com/
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