Vista Gold Corp. Announces Filing of Resale Registration Statement
17 März 2011 - 1:00AM
PR Newswire (Canada)
DENVER, March 16, 2011 /CNW/ -- Vista Gold Corp. ("Vista" or the
"Company") (NYSE Amex and TSX: VGZ) announces that on March 15,
2011 it filed a resale registration statement on Form S-3 with the
United States Securities and Exchange Commission (the "SEC"). The
registration statement registers for resale common shares, warrants
and common shares acquirable upon the exercise of warrants
(collectively, the "securities") held by certain securityholders
named in the registration statement. The selling securityholders
are under no obligation to sell the securities. The registration
statement also registers the issuance by us of common shares
underlying the warrants by holders that purchase the warrants
pursuant to the resale registration statement, if and when it
becomes effective. We will not receive any proceeds from the resale
of the securities, other than proceeds relating to the exercise of
warrants, if those warrants are exercised. Vista agreed to file the
resale registration statement pursuant to the terms of the October
22, 2010 private placement of 14,666,739 special warrants ("Special
Warrants"). The Special Warrants were issued to the selling
securityholders at a purchase price of $2.30 per Special Warrant
for aggregate gross proceeds to the Company of $33,733,500.
Following approval of the private placement by the Company's
shareholders at a special meeting held on December 15, 2010, each
Special Warrant was automatically exercised, for no additional
consideration, for one common share of the Company and one common
share purchase warrant. In addition, the Company issued a total of
641,305 Special Warrants and 630,436 compensation warrants to the
agents and finders that provided services to the Company in
connection with the private placement. A registration statement
relating to these securities has been filed with the SEC but has
not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time a registration
statement becomes effective. This press 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 such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any state or jurisdiction. The prospectus
contained in registration statement is available online at
www.sec.gov or by request to the Company at: 7961 Shaffer Parkway,
Suite 5, Littleton, Colorado 80127, Attention: Connie Martinez,
telephone (720) 981-1185. About Vista Gold Corp. Vista is focused
on the development of the Mt. Todd gold project in Northern
Territory, Australia, and the Concordia gold project in Baja
California Sur, Mexico, to achieve its goal of becoming a gold
producer. Vista's other holdings include the Guadalupe de los Reyes
gold project in Mexico, the Yellow Pine gold project in Idaho, the
Awak Mas gold project in Indonesia, and the Long Valley gold
project in California. Forward-Looking Statements This press
release contains forward-looking statements within the meaning of
the U.S. Securities Act of 1933, as amended, and U.S. Securities
Exchange Act of 1934, as amended, 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
such things as, the timing for effectiveness of the registration
statement, and other such matters are forward-looking statements
and forward-looking information. When used in this press release,
the words "potential", "indicate", "expect", "intend", "hopes",
"believe", "may", "will", "if", "anticipate" and similar
expressions are intended to identify forward-looking statements and
forward-looking information. These statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Vista to be
materially different from any future results, performance or
achievements expressed or implied by such statements. Such factors
include, among others, factors affecting the timing and
effectiveness of the registration statement as well as those
factors discussed under the headings "Note Regarding
Forward-Looking Statements" and "Risk Factors" in Vista's latest
Annual Report on Form 10-K as filed on March 14, 2011, and other
documents filed with the SEC and Canadian securities regulatory
authorities. Although Vista has attempted to identify important
factors that could cause actual results to differ materially from
those described in forward-looking statements and forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. Except as required by
law, Vista assumes no obligation to publicly update any
forward-looking statements or forward-looking information, whether
as a result of new information, future events or otherwise. For
further information, please contact Connie Martinez at (720)
981-1185. Connie Martinez of Vista Gold Corp., +1-720-981-1185 Web
Site: http://www.vistagold.com
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