Vista gold corp. announces us$8 million bought deal offering
Denver, july 07, 2021 (globe newswire) -- vista gold corp. (nyse american and tsx: vgz) (“vista” or the “company”) is pleased to announce that it has entered into an underwriting agreement with a syndicate of underwriters with h.c. wainwright & co. acting as sole book-running manager and representative of the underwriters, under which the underwriters have agreed to purchase in a public offering on a firm commitment basis 7,272,728 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$8,000,000 (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 will be 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.
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