Business
Vista Gold Corp. Announces That It Expects to Close Its Previously Announced Brokered Private Placement on March 5, 2008
DENVER, March 4 /CNW/ -- Vista Gold Corp. ("Vista" or the "Corporation") (Amex: VGZ; TSX) announc...
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\nDENVER, March 4 /CNW/ -- Vista Gold Corp. ("Vista" or the "Corporation")\n(Amex: VGZ; TSX) announced today that it expects to close its previously\nannounced brokered private placement of up to US$32 million in aggregate\nprincipal amount of senior secured convertible notes (the "Notes") of the\nCorporation. For a description of the Notes, the Corporation refers you to\nits press release dated February 12, 2008.\n\n\nThe Corporation will use the net proceeds of the offering of the Notes to\nfinance the previously announced purchase of gold processing equipment to be\nused at the Paredones Amarillos gold project and to fund ongoing operations at\nthe Paredones Amarillos gold project.\n\n\nThe above-described securities have not been registered under the\nSecurities Act of 1933 or any state securities laws, and may not be offered or\nsold in the United States absent registration or applicable exemption from\nregistration requirements.\n\n\nThis press release contains forward-looking statements within the meaning\nof the U.S. Securities Act of 1933 and U.S. Securities Exchange Act of 1934\nand forward-looking information within the meaning of Canadian securities\nlaws. All statements, other than statements of historical facts, included in\nthis press release that address activities, events or developments that Vista\nexpects or anticipates will or may occur in the future, including such things\nas Vista's plans for financing the Paredones Amarillos Project including the\nnature and timing of financing; plans for construction and development\nactivities at the Paredones Amarillos Project; and other such matters are\nforward-looking statements and forward-looking information. When used in this\npress release, the words "will", "estimate", "plan", "anticipate", "expect",\n"intend", "believe" and similar expressions are intended to identify\nforward-looking statements and forward-looking information. These statements\ninvolve known and unknown risks, uncertainties and other factors which may\ncause the actual results, performance or achievements of Vista to be\nmaterially different from any future results, performance or achievements\nexpressed or implied by such statements. Such factors include, among others,\nrisks relating to ...