DENVER, March 16, 2012 /PRNewswire/ -- Vista Gold
Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the
"Corporation") 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 were filed to replace
Vista's prior Canadian short form base shelf prospectus that
expired last year and Vista's current shelf registration statement
on Form S-3 that expires in the second quarter of this year.
This preserves Vista's ability to complete future financings for
corporate growth and development in an efficient and flexible
manner, if appropriate at the time.
The Offering Documents, if and when brought effective, will
allow Vista to make offerings of common shares, warrants,
subscription receipts or units for 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. The authorized amount of aggregate proceeds is the
same as the proceeds authorized under Vista's prior Canadian short
form base shelf prospectus and Vista's current shelf registration
statement on Form S-3.
Vista currently anticipates using any proceeds from the sale of
securities under the Offering Documents, if any, to fund the
development of existing or acquired mineral properties and may also
use such funds for acquisitions, working capital requirements, to
repay indebtedness outstanding from time to time or for other
general corporate purposes.
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.
The terms of any securities offered under the registration
statement and the intended use of the net proceeds resulting from
such offering will be established at the time of any offering and
will be described in a prospectus supplement filed with the United
States Securities and Exchange Commission at the time of the
offering. After the registration statement becomes effective, a
copy of the shelf registration statement on Form S-3 and copies of
the base shelf prospectus contained therein and, at the time of any
offering, if any, a prospectus supplement relating to the offering
under the registration statement, when available, can be obtained
by contacting Vista, attention: Connie
Martinez at (720) 981-1185, Suite 5, 7961 Shaffer Parkway,
Littleton, Colorado 80127.
About Vista Gold
Vista is focused on the development of the Mt. Todd gold project
in Northern Territory, Australia,
to achieve its goal of becoming a gold producer. Vista is advancing
exploration on its Guadalupe de los
Reyes gold-silver project in Mexico and has recently granted Invecture
Group, S.A. de C.V. a right to earn a 60% interest in the
Concordia gold project in
Mexico. Vista's other holdings
include the Awak Mas gold project in Indonesia and the Long Valley gold project in
California.
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 future effectiveness of the prospectus and the registration
statement, the completion of future financings, the use of proceeds
from such financings and the growth and development of Vista and
other such matters are forward-looking statements and
forward-looking information. When used in this press release,
the words "may", "will", "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, uncertainty of resource estimates, estimates
of results based on such resource estimates; risks relating to cost
increases for capital and operating costs; risks relating to delays
in the completion of the drilling program, risks related to the
adequacy of the design of the drilling program, risks related to
the ability to obtain the necessary permits, risks of shortages and
fluctuating costs of equipment or supplies; risks relating to
fluctuations in the price of gold; the inherently hazardous nature
of mining-related activities; potential effects on Vista's
operations of environmental regulations in the countries in which
it operates; risks due to legal proceedings; risks relating to
political and economic instability in certain countries in which it
operates; 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, 2012 and other documents filed with the
U.S. Securities and Exchange Commission 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.
SOURCE Vista Gold Corp.