By Sheri Kasprzak
New York, Jan. 19 - Vista Gold Corp. said it has priced a non-brokered private placement for $3,282,500.
The company plans to sell up to 650,000 units at $5.05 each.
The units are comprised of one share and one warrant. The warrants are exercisable at $6.00 each for two years.
Proceeds will be used for funding its $5.2 million acquisition of Hycroft Royalty. The rest will be used for working capital.
Based in Denver, Vista is a gold exploration company.
| Issuer: | Vista Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $3,282,500 (maximum)
|
| Units: | 650,000 (maximum)
|
| Price: | $5.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $6.00
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| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 19
|
| Stock symbol: | AMEX: VGZ
|
| Stock price: | $5.04 at close Jan. 19
|
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