Company sells units of a common share, a half-share two-year warrant
By Devika Patel
Knoxville, Tenn., Dec. 14 - Vista Gold Corp. priced a $10 million public offering of units, according to a prospectus supplement filed Friday with the Securities and Exchange Commission. The offering was announced Thursday and has a $1.5 million greenshoe.
The company will sell 3,637,000 units of one common share and one half-share warrant at $2.75 per unit, with each whole warrant exercisable at $3.30 for two years. The strike price is a 12.25% premium to the Dec. 13 closing share price of $2.94.
Dahlman Rose & Co., LLC and NBF Securities (USA) Corp. are the joint bookrunning managers.
Proceeds will be used to advance the company's projects, for general and administrative costs, including property maintenance fees, and general working capital purposes.
Based in Littleton, Colo., Vista is a gold exploration company.
| Issuer: | Vista Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | $10,001,750
|
| Greenshoe: | $1,500,263
|
| Units: | 3,637,000
|
| Price: | $2.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $3.30
|
| Bookrunners: | Dahlman Rose & Co., LLC and NBF Securities (USA) Corp.
|
| Co-manager: | Casimir Capital LP
|
| Announcement date: | Dec. 13
|
| Pricing date: | Dec. 14
|
| Stock symbol: | NYSE: VGZ
|
| Stock price: | $2.94 at close Dec. 13
|
| Market capitalization: | $205.06 million
|
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