DENVER, June 5, 2014 /CNW/
- Vista Gold Corp. ("Vista" the "Company," "we" or "our") (NYSE MKT
and TSX: VGZ) today announced that it filed a preliminary short
form base shelf prospectus with the securities commissions in each
province and territory of Canada (other than Quebec)
("Canadian Prospectus") and a corresponding shelf
registration statement on Form S-3 with the United States
Securities and Exchange Commission (collectively, the "Offering
Documents"). The Canadian Prospectus was filed to replace
Vista's prior Canadian short form base shelf prospectus that
recently expired. Vista's current shelf registration statement on
Form S-3 expires next year and will not be affected by the filing
of this separate shelf registration statement on Form S-3. 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$50
million during the next three years to potential
purchasers in the United States and during the next
25 months to potential purchasers in each province and territory of
Canada (other than Quebec).
Vista currently anticipates using proceeds from the sale of
securities under the Offering Documents, if any, to fund existing
or acquired mineral properties, property acquisitions, working
capital requirements, to repay indebtedness outstanding from time
to time, if any, 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.
The Company also filed updated audited consolidated financial
statements and the notes thereto as at December 31, 2013 and 2012 and for the years
ended December 31,
2013, 2012 and 2011 (the "Financial Statements"),
together with an updated report thereon by the Company's
independent registered public accounting firm,
PricewaterhouseCoopers LLP, Denver CO ("PWC"). The Financial
Statements have been updated solely to provide a current liquidity
discussion and the report of PWC on the Financial Statements has
been updated solely to reference the update to Note 2 "Liquidity"
in the Financial Statements.
About Vista Gold
Vista's principal assets include its flagship Mt Todd gold
project in Northern Territory, Australia,
and an 11.2% holding in Midas Gold Corp. We also have non-core
projects in Mexico and California
and royalty interests in projects in Bolivia and
Indonesia. For more information
about our projects, including technical studies and resource
estimates, please visit our website at www.vistagold.com.
For further information, please contact Connie Martinez
at (720) 981-1185.
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 we expect or
anticipate 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. 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
"optimistic," "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 the Company 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 and reserve
estimates, uncertainty as to the Company's future operating costs
and ability to raise capital; risks relating to cost increases for
capital and operating costs; 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 our 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 the Company's
latest Annual Report on Form 10-K as filed on March 17, 2014 and
other documents filed with the U.S. Securities and Exchange
Commission and Canadian securities regulatory authorities. Although
we have 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, we assume no
obligation to publicly update any forward-looking statements or
forward-looking information; whether as a result of new
information, future events or otherwise.
SOURCE Vista Gold Corp.