DENVER, Sept. 1, 2016 /PRNewswire/ -- Vista Gold
Corp. (the "Company'') (NYSE MKT and TSX: VGZ) wishes to inform the
market of the nature of recent transactions, which have resulted in
a net increase in the number and percentage of shares held by the
officers and directors of the Company. On August 11, 2016 a total of 1,783,300 common
shares of the Company were issued to officers and directors of the
Company upon the vesting of Restricted Stock Units ("RSUs"), which
had been granted to the officers and directors in prior years as
part of the Company's Long Term Incentive Plan, which is designed
to incentivize the achievement of various Company goals and
objectives. The vesting of RSUs (i.e. the issuance of common shares
of the Company to officers and directors) resulted in a
personal income tax obligation on the part of the recipient,
payable in cash, based on the value of the common shares that had
vested. Some of the vested shares were sold by individual
officers and directors to facilitate payment of their respective
personal income taxes.
As a result of the RSU vesting event, net of selling to cover
the respective personal income tax obligations, officers and
directors of the Company, in the aggregate, have actually increased
their ownership of common shares of the Company to approximately 2%
(a total of 1,903,207 shares) from approximately 1% (a total of
809,907 shares).
About Vista Gold Corp.
The Company is a well-funded gold project developer. Our
principal asset is our flagship Mt Todd gold project in Northern
Territory, Australia where we
continue to work to identify opportunities to improve project
economics with the goal of advancing the project toward
development. We also hold approximately 4.4% of the outstanding
common shares of Midas, non-core projects in Mexico and the
United States and royalty interests in 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.