Business
Vista Gold Corp. Files Shelf Registration Statement
Vista Gold Corp. Files Shelf Registration Statement.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n\nDENVER, Aug. 29 /CNW/ -- Vista Gold Corp. (Amex: VGZ; TSX) announced\ntoday that it has filed a shelf registration statement with the U.S.\nSecurities and Exchange Commission (the \"Commission\") which, when effective,\nwill permit the Corporation, from time to time, to offer and sell up to 4\nmillion common shares through one or more methods of distribution, subject to\nmarket conditions and the Corporation's capital needs. Although the\nCorporation currently has no commitments to sell common shares under the\nregistration statement, the Corporation anticipates that some or all of the\nregistered shares will be issued to raise proceeds of US$25-32 million, of\nwhich approximately US$25 million is to be invested in a company to be\nspun-off by the Corporation. The proposed spin-off transaction was previously\nannounced in the Corporation's press release dated July 10, 2006 and Form 8-K\nfiled with the Commission on July 12, 2006 (as amended by Forms 8-K/A filed on\nAugust 16, 2006 and August 25, 2006), which set forth terms of a letter of\nintent (as amended) with respect to the transaction.\nA registration statement relating to these securities has been filed with\nthe Commission but has not yet become effective. These securities may not be\nsold nor may offers to buy be accepted prior to the time the registration\nstatement becomes effective. Any offering of securities covered by the\nregistration statement will be made only by means of a prospectus and related\nprospectus supplement. When available, copies of the prospectus and related\nprospectus supplement may be obtained from the Corporation. This press\nrelease shall not constitute an offer to sell or the solicitation of an offer\nto buy nor shall there be any sale of these securities in any state in which\nsuch offer, solicitation or sale would be unlawful prior to registration or\nqualification under the securities laws of any such state.\n\n>\nVista Gold Corp., based in Littleton, Colorado, evaluates and acquires\ngold projects with defined gold resources. Additional exploration and\ntechnical studies are undertaken to maximize the value of the projects for\neventual development. The Corporation's holdings include the Maverick\nSprings, Mountain View, Hasbrouck, Three Hills, Wildcat projects, the F.W.\nLewis, Inc. properties and the Hycroft mine, all in Nevad...