Vista Gold Announces $30M Proposed Public Offering Of Common Shares

Vista Gold Corp. (TSX:VGZ) ("Vista" or the "Company") is pleased to announce that it has commenced an underwritten public offering of US$30.0 million of its common shares. All common shares are being offered by Vista. The Company expects to grant the underwriters a 30-day option to purchase up to an additional US$4.5 million of its common shares to cover over-allotments, if any. The proposed offering is subject to market conditions and other factors, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

CIBC Capital Markets is acting as the sole bookrunner for the proposed offering.

The Company intends to allocate the net proceeds from the offering to advance exploration and development activities at the Company's Mt. Todd gold project, a development-stage gold deposit in Australia's Northern Territory, and for general corporate purposes.