DENVER, COLORADO–(Marketwired – Aug. 8, 2016) – Vista Gold Corp. (the “Company,” “we” or “our”) (NYSE MKT:VGZ)(TSX:VGZ) is pleased to announce that it has closed its previously announced public offering (the “Offering“) of units (the “Units“) made pursuant to an underwriting agreement dated August 2, 2016 between the Company and Cantor Fitzgerald Canada Corporation and Rodman & Renshaw a unit of H.C. Wainwright & Co., LLC, acting as co-lead underwriters and joint book-running managers and Sprott Private Wealth LP, Roth Capital Partners, LLC and Jet Capital Advisors, LLC as co-managers (collectively, the “Underwriters“).
Pursuant to the Offering, the Company sold an aggregate of 12,362,500 Units at a price of US1.40 per Unit for gross proceeds of US$17,307,500. The Units sold include 1,612,500 Units sold pursuant to the exercise, in full, of the over-allotment option that was granted to the Underwriters. Each Unit consists of one common share in the capital of the Company (a “Share“) and one-half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to purchase one Share at the exercise price of US$1.92 per Share, subject to adjustment in certain circumstances, for a period of 36 months after the closing of the Offering.