04:02 PM EST - Vista Gold Corp. : closed its previously announced public offering of common shares following its shelf registration statement filed with the U.S. Securities and Exchange Commission and a shelf prospectus filed with certain Canadian securities regulatory authorities. The Company sold 8.8 million common shares at a price of $2.25 U.S. per share. The Company has granted the underwriters a 30-day option to purchase up to 1.32 million additional common shares to cover over-allotments, if any. The company received proceeds from the offering, net of commissions, fees and expenses, of approximately $17.6 million U.S. Vista intends to use the net proceeds from this offering to fund drilling, exploration, and technical/engineering activities on its Mt. Todd gold project, to fund the engineering, design and other technical activities to advance its Paredones Amarillos gold project, to fund exploration activities and if warranted, drilling programs at its Guadalupe de los Reyes gold project and to fund acquisitions, and further development of acquired mineral properties, working capital requirements and/or for other general corporate purposes. Vista Gold Corp.
shares T.VGZ are trading down $0.06 at $2.24.
