Vista Gold Corp. Files Shelf Registration Statement
August 29 2006 - 9:12PM
PR Newswire (US)
DENVER, Aug. 29 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex:
VGZ; TSX) announced today that it has filed a shelf registration
statement with the U.S. Securities and Exchange Commission (the
"Commission") which, when effective, will permit the Corporation,
from time to time, to offer and sell up to 4 million common shares
through one or more methods of distribution, subject to market
conditions and the Corporation's capital needs. Although the
Corporation currently has no commitments to sell common shares
under the registration statement, the Corporation anticipates that
some or all of the registered shares will be issued to raise
proceeds of US$25-32 million, of which approximately US$25 million
is to be invested in a company to be spun-off by the Corporation.
The proposed spin-off transaction was previously announced in the
Corporation's press release dated July 10, 2006 and Form 8-K filed
with the Commission on July 12, 2006 (as amended by Forms 8-K/A
filed on August 16, 2006 and August 25, 2006), which set forth
terms of a letter of intent (as amended) with respect to the
transaction. A registration statement relating to these securities
has been filed with the Commission but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. Any offering of securities covered by the registration
statement will be made only by means of a prospectus and related
prospectus supplement. When available, copies of the prospectus and
related prospectus supplement may be obtained from the Corporation.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state. About Vista Gold Corp. Vista
Gold Corp., based in Littleton, Colorado, evaluates and acquires
gold projects with defined gold resources. Additional exploration
and technical studies are undertaken to maximize the value of the
projects for eventual development. The Corporation's holdings
include the Maverick Springs, Mountain View, Hasbrouck, Three
Hills, Wildcat projects, the F.W. Lewis, Inc. properties and the
Hycroft mine, all in Nevada, the Long Valley project in California,
the Yellow Pine project in Idaho, the Paredones Amarillos and
Guadalupe de Los Reyes projects in Mexico, the Mt. Todd project in
Australia, the Amayapampa project in Bolivia and the Awak Mas
project in Indonesia. Forward-Looking Statements This press release
contains forward-looking statements within the meaning of the U.S.
Securities Act of 1933 and U.S. Securities Exchange Act of 1934.
All statements, other than statements of historical facts, included
in this press release that address activities, events or
developments that management of the Corporation expects or
anticipates will or may occur in the future, including those
relating to the proposed equity financing by the Corporation, are
forward-looking statements. The timing, occurrence and results of
events could differ materially from those anticipated in the
forward-looking statements as a result of risks and uncertainties,
which include, without limitation, capital market conditions, risks
relating to fluctuations in the price of gold and uncertainties
concerning reserve and resource estimates, as well as those factors
discussed in the Corporation's latest Annual Report on Form 10-K
and its other filings with the U.S. Securities and Exchange
Commission. Although the Corporation has attempted to identify
important factors that could cause actual results to differ
materially from those described in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate as actual results and
future events could differ materially from those anticipated in
such statements. The Corporation assumes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise. For further information,
please contact Greg Marlier at (720) 981-1185, or visit the Vista
Gold Corp. website at http://www.vistagold.com/ DATASOURCE: Vista
Gold Corp. CONTACT: Greg Marlier of Vista Gold Corp.,
+1-720-981-1185 Web site: http://www.vistagold.com/
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