DENVER, March 16, 2015 /PRNewswire/ -- Vista Gold
Corp. (TSX & NYSE MKT: VGZ) ("Vista" or the "Company")
announced that it has completed the previously announced sale of
8,000,000 common shares of Midas Gold Corp. ("Midas") held by Vista
Gold U.S. Inc. ("Vista US") at a price of Cdn$0.46 per Midas Share for aggregate gross
proceeds of Cdn$3,680,000.
After completion of the sale, Vista holds, directly and
indirectly through Vista US, an aggregate of 7,802,615 common
shares of Midas, representing approximately 5.5% of the outstanding
common shares of Midas. Vista and Vista US have agreed that they
will not sell any of their remaining shares of Midas for a period
of 6 months from today's date.
The securities described herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or the securities laws of any
state of the United States and may
not be offered or sold absent such registration or pursuant to an
exemption from such registration requirements. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy any of the securities described herein in the
United States.
About Vista Gold Corp.
Vista's principal asset is its flagship Mt Todd gold project in
Northern Territory, Australia. We also hold approximately
5.5% of the outstanding common shares of Midas, non-core projects
in Mexico and the United States and royalty interests in
projects in Bolivia and
Indonesia. For more information about our projects, including
technical studies and resource estimates, please visit our website
at www.vistagold.com.
For further information, please contact Connie Martinez at (720) 981-1185.
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SOURCE Vista Gold Corp.