DENVER, April 19, 2012 /PRNewswire/ -- Vista Gold Corp.
(TSX & NYSE Amex Equities: VGZ) ("Vista" or the
"Corporation") is pleased to announce that it filed today a
final short form base shelf prospectus with the securities
commissions in each province and territory of Canada (other than Quebec) and that its shelf registration
statement on Form S-3 filed with the United States Securities and
Exchange Commission was brought effective (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. The Offering Documents preserve 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 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 three years to potential purchasers in the United States and, upon issuance of a
receipt by the applicable Canadian securities regulators, during
the next 25 months to potential purchasers in each province and
territory of Canada (other than
Quebec).
As previously announced, 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.
The terms of any securities offered under the Offering Documents
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 and the applicable
Canadian securities regulatory authorities at the time of the
offering. A copy of the Offering Documents and, at the time of
an offering, if any, a prospectus supplement relating to the
offering under the Offering Documents, 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. For more information
about our projects, including our technical studies and resource
estimates, please visit our website at www.vistagold.com.
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 issuance of a receipt by Canadian securities regulators,
the potential filing of a prospectus supplement, 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. The
material factors and assumptions used to develop the
forward-looking statements and forward-looking information
contained in this press release include the following: our approved
business plans, exploration and assay results, mineral resource and
reserve estimates and results of preliminary economic assessments,
pre-feasibility studies and feasibility studies on our projects, if
any. 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 Vista's Amendment 1 to its Annual Report filed
on April 5, 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.