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Vista Gold Corp. Announces US$15.0 Million Private Placement of Units

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Vista Gold Corp. (NYSE: VGZ) announces that, subject to regulatory approval, it intends to undertake a private placement financing to raise gross proceeds of up to US$15.0 million from the sale of up to 5,000,000 units at an offering price of US$3.00 per Unit.

Each Unit will be comprised of one common share in the capital of the Company and one-half of one Common Share purchase warrant (each full warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of US$3.60 per share and will be exercisable for a period of 24 months from the closing date of the Offering.

Posted-In: News Financing

 

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