NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION ON U.S. NEWS WIRE SERVICES
DENVER, Feb. 7, 2014 /CNW/
- 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
Haywood Securities Inc. and Dundee Securities Ltd. (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 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 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.