Vista gold corp. announces closing of $13.5 million bought deal offering

Denver, july 12, 2021 (globe newswire) -- vista gold corp. (nyse american and tsx: vgz) (“vista” or the “company”) is pleased to announce the closing of its previously announced public offering of 12,272,730 units of the company (the “units”), at a public offering price of us$1.10 per unit, less underwriting discounts and commissions, for aggregate gross proceeds of approximately us$13,500,000 (the “offering”). each unit consists of one common share in the capital of the company (each, a “common share”) and one-half of one common share purchase warrant (each whole warrant, a “warrant”). each warrant is exercisable immediately upon issuance for thirty six months and entitle the holder thereof to purchase one common share upon exercise at an exercise price of us$1.25 per common share. in addition, the underwriter partially exercised its option to purchase an additional 920,454 warrants.
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