Vista Gold Corp. Announces Filing of Final Short Form Base Shelf Prospectus and Amendment to Registration Statement
28 April 2009 - 1:57AM
PR Newswire (US)
DENVER, April 27 /PRNewswire-FirstCall/ -- Vista Gold Corp.
("Vista" or the "Corporation") (TSX & NYSE Amex: VGZ) is
pleased to announce that it filed today a final short form base
shelf prospectus (the "Prospectus") with the securities commissions
in each province and territory of Canada (other than Quebec) and an
amendment to its shelf registration 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). As previously announced, 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 Prospectus 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 are expected to provide Vista with a flexible
and efficient approach for completing future financings for
corporate growth and development. A copy of the final short form
base shelf prospectus may be obtained from the SEDAR website at
http://www.sedar.com/ or from Vista upon request by email at , by
mail at 7961 Shaffer Parkway, Suite 5, Littleton, CO 80127 or by
telephone at (720) 981-1185. 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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