Business
Vista Gold Corp. Announces Pricing of Public Offering of Common Shares
Vista Gold Corp. Announces Pricing of Public Offering of Common Shares.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n\nDENVER, Oct. 30 /CNW/ -- Vista Gold Corp. (Amex: VGZ; Toronto) (the\n\"Company\") announced today that it has priced a public offering (the\n\"Offering\") of a minimum of US$25 million and a maximum of US$32 million of\nits common shares at a price to the public of US$8.50 per share. The closing\nof the Offering is expected to take place on November 7, 2006, subject to the\nsatisfaction of customary closing conditions. All of the shares are being\noffered on a best efforts agency basis pursuant to an effective shelf\nregistration statement previously filed with the U.S. Securities and Exchange\nCommission. The Company has also previously filed a base shelf prospectus\nwith the securities regulatory authorities in the provinces of British\nColumbia, Alberta, Manitoba and Ontario, Canada in connection with the\nOffering.\nThe Company expects to use the proceeds of the Offering to finance the\npreviously-announced transaction involving the transfer of the Company's\nNevada based properties into a new publicly-listed company and the acquisition\nby that new company of the Nevada based mining assets of Carl and Janet\nPescio, and for general working capital and general corporate purposes.\nSprott Securities (U.S.A.) Limited is acting as lead agent in respect of\nthe Offering.\nCopies of the final prospectus supplements, once filed, and the base\nshelf prospectuses may be obtained from Sprott Securities Inc. (attn: Susan\nSamila-Moroz), Suite 2800, South Tower, Royal Bank Plaza, Toronto, Ontario,\nM5J 2J2, Tel# (416) 943-6405 and Fax # (416) 943-6496. When a final\nprospectus supplement relating to the Offering has been filed with the SEC, it\nwill be available along with the base prospectus filed with the SEC in\nconnection with the shelf registration, on the SEC's website at\nhttp://www.sec.gov. Copies of any prospectus supplements filed with the\nsecurities regulatory authorities in Canada will be available, along with the\nCanadian base shelf prospectus, on the internet at http://www.sedar.com.\nThis press release shall not constitute an offer to sell or a\nsolicitation of an offer to buy common shares nor shall there be any sale of\nsuch securities in any state or jurisdiction in which such offer, solicitation\nor sale would be unlawful prior to registration or qualification under the\nsecurities laws of any such state ...