Business
Vista Gold Corp. Announces Public Offering of Common Shares
Vista Gold Corp. Announces Public Offering of Common Shares.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n\nDENVER, Oct. 4 /CNW/ -- Vista Gold Corp. (Amex: VGZ; TSX)(the \"Company\")\nannounced today that it intends to file a preliminary prospectus supplement\nwith the Securities and Exchange Commission (the \"SEC\") in connection with a\nproposed public offering (the \"Offering\"), subject to market and other\nconditions, of up to 4,000,000 of its common shares on a best efforts agency\nbasis, and also will file a preliminary prospectus supplement to its existing\nUS$32 million short form base shelf prospectus dated October 2, 2006 with the\nsecurities regulatory authorities in the provinces of British Columbia,\nAlberta, Manitoba and Ontario in connection with the Offering. The Company\nanticipates that Offering will consist of a minimum of US$25 million and a\nmaximum of US$32 million in common shares of the Company.\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.\n>\nThese shares will be issued pursuant to an effective shelf registration\nstatement. This 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 or jurisdiction. Any offer, if at all, will\nbe made only by means of a prospectus forming part of the effective\nregistration statement and an accompanying prospectus supplement.\nCopies of the preliminary prospectus supplements, once filed, and the\nbase shelf prospectuses may be obtained from Sprott Securities Inc. (attn:\nSusan Samila-Moroz), Suite 2800, South Tower, Royal Bank Plaza, Toronto,\nOntario, M5J 2J2, Tel# (416) 943-6401 and Fax # (416) 943-6496. When a\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 supplem...