Vista Gold prices $39-million (U.S.) public offering

Executive Summary

• Vista Gold Corp. has priced its underwritten public offering of 15.6 million common shares at $2.50 USD per share, raising gross proceeds of $39.0 million.
• The offering includes a 30-day overallotment option for up to an additional 2.34 million shares.
• Net proceeds are intended to advance exploration and development at the Mt. Todd gold project in Australia’s Northern Territory and for general corporate purposes.

Key Details

• Offering Size: 15.6 million common shares.
• Price: $2.50 USD per share.
• Gross Proceeds: $39.0 million USD (before deducting underwriting discounts, commissions, and offering expenses).
• Overallotment Option: The underwriters have a 30-day option to purchase up to an additional 2.34 million common shares to cover overallotments, if any.
• Closing Date: Expected to close on March 9, 2026, subject to customary conditions, including approval from the NYSE American and the Toronto Stock Exchange.
• Use of Proceeds: Advancing exploration and development activities at the Mt. Todd gold project (a development-stage gold deposit in Australia's Northern Territory) and for general corporate purposes.
• Underwriters:
  • Sole Bookrunner: CIBC Capital Markets.
  • Co-Managers: BMO Capital Markets, Raymond James, H.C. Wainwright & Co., and Tamesis Partners.
• Regulatory Basis: The offering is made pursuant to an effective shelf registration statement on Form S-3 (declared effective Nov. 8, 2024) and relies on the listed issuer financing exemption in Canada (except Quebec) and Section 602.1 of the TSX Company Manual.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.