Vista Gold Corp. Announces Filing of Preliminary Short Form Base Shelf Prospectus and Registration Statement
18 April 2009 - 12:27AM
PR Newswire (US)
DENVER, April 17 /PRNewswire-FirstCall/ -- Vista Gold Corp.
("Vista" or the "Corporation") (TSX & NYSE Amex: VGZ) is
pleased to announce that it filed today a preliminary short form
base shelf prospectus with the securities commissions in each
province and territory of Canada (other than Quebec) and a
corresponding shelf registration statement on Form S-3 with the
United States Securities and Exchange Commission (collectively, the
"Offering Documents"). The Offering Documents, when brought
effective, will allow Vista to make offerings of common shares,
debt securities, warrants, subscription receipts or units for
initial aggregate proceeds of up to US$200 million during the next
25 months to potential purchasers in each province and territory of
Canada (other than Quebec) and the United States. Vista expects
that it will need to fund the initial capital requirements for the
construction and development of its Paredones Amarillos gold
project, once necessary permits and approvals have been received.
Although the initial financings under the Offering Documents are
expected to be used for the construction and development of our
existing properties, the proceeds from financings under the
Offering Documents may also be used by Vista to fund development of
its other existing or acquired mineral properties, acquisitions,
working capital requirements, repayment of outstanding indebtedness
from time-to-time or for other general corporate purposes. The
Offering Documents provide Vista with a flexible and efficient
approach for completing future financings for corporate growth and
development. A registration statement relating to these securities
has been filed with the United States Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This news release shall
not constitute an offer to sell nor the solicitation of an offer to
buy nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such state. About Vista Gold Since 2001, Vista has acquired a
number of gold projects with the expectation that higher gold
prices would increase their value. For more information about our
projects, including technical studies and resource estimates,
please visit our website at http://www.vistagold.com/. Vista has
undertaken programs to advance our Paredones Amarillos gold
project, including the completion of a bankable feasibility study
and the purchase of long delivery equipment items for use at that
project. A drilling program was completed on our Mt Todd project in
2008 and a new resource estimate was completed early in 2009.
Metallurgical studies are underway and a new pre-feasibility study
is expected to be completed during 2009. Vista's other holdings
include the Guadalupe de los Reyes project in Mexico, the Yellow
Pine project in Idaho, the Awak Mas project in Indonesia, and the
Long Valley project in California. 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 and forward-looking information within the
meaning of Canadian securities laws. 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 financing by Vista, are forward-looking
statements. The timing, occurrence and results or 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, uncertainties concerning reserve
and resource estimates, risks relating to the status of Vista's
required governmental permits for the Paredones Amarillos gold
project, delays in construction of the Paredones Amarillos gold
project, feasibility study results and the estimates on which they
are based and studies and timing relating to new resources
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 securities commissions in each
province and territory of Canada and 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. Except as required by law, 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 Connie Martinez at (720)
981-1185, or visit the Vista Gold Corp. website at
http://www.vistagold.com/. DATASOURCE: Vista Gold Corp. CONTACT:
Connie Martinez of Vista Gold Corp., +1-720-981-1185 Web Site:
http://www.vistagold.com/
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