Vista Gold completes $44.85 million share offering

Vista Gold Corp. (NYSE American and TSX: VGZ) completed its public offering of 17.94 million common shares at $2.50 per share, generating gross proceeds of $44.85 million before fees and expenses.

The offering included the full exercise of underwriters' option to purchase an additional 2.34 million shares. CIBC Capital Markets served as sole bookrunner, with BMO Capital Markets, Raymond James, H.C. Wainwright & Co., and Tamesis Partners acting as co-managers.

Vista plans to use net proceeds to advance exploration and development activities at its Mt. Todd gold project in Australia's Northern Territory and for general corporate purposes.

The offering was conducted under an effective shelf registration statement filed with the Securities and Exchange Commission on October 17, 2024, and declared effective on November 8, 2024. The shares were also offered in Canadian provinces except Quebec under the listed issuer financing exemption.

Vista holds the Mt. Todd gold project, described as a development-stage gold deposit located in Northern Territory, Australia. The company stated the project offers production potential and expansion opportunities, supported by existing local infrastructure.

The information is based on a press release statement from Vista Gold Corp.

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