Vista Gold Corp. (the
"Company," "we" or "our") (NYSE MKT and TSX: VGZ)
announced today that it has priced an underwritten public offering of
approximately 3.6 million units at a price to the public of US$2.75
per unit. Each unit is comprised of one common share of the Company and
one-half of one common share purchase warrant, with each whole warrant
exercisable to purchase one common share of the Company's stock at an exercise
price of US$3.30 for a period of 24 months from the closing of this offering.
The warrants will not be listed on any stock exchange.
The Company expects that
the offering will yield gross proceeds, before expenses, of US$10.0
million and intends to use the net proceeds of the offering to advance our
Mt. Todd gold project in Australia, including completing a bankable feasibility
study, for corporate administration, to complete a preliminary economic
assessment on our Guadalupe de los Reyes gold/silver project in Mexico, and for
working capital requirements and general corporate purposes. The offering
is expected to close on or about December 21, 2012, subject to customary
closing conditions, including the approval of the Toronto Stock Exchange and the
NYSE MKT. In connection with the offering, the Company has also granted the
underwriters a 30-day option to purchase up to approximately 0.5
million additional units at the applicable offering price to cover
over-allotments, if any.
Dahlman Rose & Company, LLC and
National Bank Financial Inc. are acting as joint book-running managers for the
offering and Casimir Capital L.P..
is acting as co-manager, pursuant to the terms of an
underwriting agreement entered into with the Company. The securities described
above are being offered pursuant to a final prospectus supplement to a base
shelf prospectus dated April 19, 2011 filed with the securities regulatory
authorities in each of the provinces and territories of Canada, other than
Quebec, and with the U.S. Securities and Exchange Commission (the
"SEC") pursuant to its effective registration statement on Form S-3.
Copies of the final
prospectus supplement and accompanying base shelf prospectus relating to this
offering can be obtained at the SEC's website at www.sec.gov and on SEDAR at www.sedar.com. A copy of the preliminary
prospectus supplement and accompanying prospectus relating to these securities
may also be obtained from: