DENVER, Feb. 7, 2014 /PRNewswire/ -- Vista Gold
Corp. (TSX & NYSE MKT: VGZ) ("Vista" or the "Company") today
announced that, further to its February 5,
2014 press release, it has filed with Canadian securities
regulatory authorities a notice of intention to distribute
16,000,000 common shares (the "Offered Midas Shares") of Midas Gold
Corp. ("Midas") under section 2.8 of National Instrument 45-102
Resale of Securities. The sales of the Offered Midas
Shares will not be completed until the satisfaction of a number of
customary closing conditions. Closing of the Offered Midas
Shares is expected to occur on or about February 14, 2014, being the first day the
Offered Midas Shares may be sold.
The Company is pleased to announce that it has been advised by
certain agents engaged for the purposes of arranging the sale of
the Offered Midas Shares (the "Agents") that the Offered Midas
Shares have been fully allocated.
Assuming the closing of the sales of the Offered Midas Shares,
Vista has agreed they will not sell any of their remaining shares
of Midas for a period of 12 months following closing.
The securities described herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or the securities laws of any
state of the United States and may
not be offered or sold absent such registration or pursuant to an
exemption from such registration requirements. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy any of the securities described herein in
the United States.
About Vista Gold Corp.
Vista's principal assets
include its flagship Mt. Todd gold project in Northern Territory,
Australia, and a 24.9% holding in
Midas. In addition to non-core projects in Mexico and California, Vista holds royalty interests in
projects in Bolivia and
Indonesia.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of the U.S. Securities Act 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 completion of the sale of all or a portion of the Offered
Midas Shares, the length of the lock-up period for Midas shares
held by the Company 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 accuracy of statements made by the Agents and the completion of
the sales of the Offered Midas Shares and other such matters.
When used in this press release, the words "optimistic,"
"potential," "indicate," "expect," "intend," "hopes," "believe,"
"may," "will," "if," "anticipate," "would," "could," 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 the completion of all
or a portion of the sales of the Offered Midas Shares, risks that
conditions to closing may not be satisfied, and market conditions,
as well as those factors discussed under the headings "Note
Regarding Forward-Looking Statements" and "Risk Factors" in Vista's
Annual Report Form 10-K as filed on March
14, 2013 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.