Vista Gold Corp. Announces Common Stock Offering



    


    
    DENVER, Sept. 8 /CNW/ -- Vista Gold Corp ("Vista" or the "Company") (TSX
& NYSE Amex:   VGZ) is pleased to announce that it intends to offer 8 million
shares of its common stock pursuant to the Company's shelf registration
statement filed with the U.S. Securities and Exchange Commission (the "SEC")
and a prospectus supplement to its base shelf prospectus filed with certain
Canadian securities regulatory authorities. The Company intends to grant the
underwriters a 30-day option to purchase up to 1.2 million additional shares
of common stock to cover over-allotments, if any.

    Vista intends to use the net proceeds from this offering (i) to fund
drilling, exploration, and technical/engineering activities (including the
preparation of a feasibility study) on its Mt. Todd gold project, (ii) to fund
the engineering, design and other technical activities to advance its
Paredones Amarillos gold project, (iii) to fund exploration activities and if
warranted, drilling programs at its Guadalupe de los Reyes gold project and
(iv) to fund acquisitions, and further development of acquired mineral
properties, working capital requirements and/or for other general corporate
purposes.

    Dahlman Rose & Company, LLC and Wellington West Capital Markets Inc. are
acting as joint book-runners for the offering.

    The offering is being made by way of a registration statement, which has
been declared effective by the SEC, a base shelf prospectus and a prospectus
supplement each of which has been filed with the SEC and each of the
Provincial securities regulatory authorities in Canada, other than Quebec. A
copy of the preliminary prospectus supplement incorporating the base shelf
prospectus relating to the offering may be obtained by either contacting the
underwriters, by accessing the SEC website, www.sec.gov, or by accessing the
website maintained by the Canadian securities regulatory authorities, SEDAR,
at www.sedar.com.


    In the United States from:

    
    Dahlman Rose & Company, LLC
    Attn: Prospectus Dept.
    142 West 57th Street
    18th Floor
    New York, NY 10019
    Phone: 212-702-4521
    Fax: 212-920-2952
    Email: ECM@dahlmanrose.com
    

    In Canada from:

    
    Wellington West Capital Markets Inc.
    Attn: Scott Larin
    145 King Street West, Suite 700
    Phone: 416-640-4893
    Fax: 416-640-4946
    Email: slarin@wwcm.com

    
    This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which the offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The securities being
offered have not been approved or disapproved by any regulatory authority, nor
has any such authority passed upon the accuracy or adequacy of the prospectus
supplement, the prospectus or the Company's shelf registration statement. A
registration statement relating to the securities has been filed with the SEC
and became effective April 30, 2009. A preliminary prospectus supplement
relating to the offering has been filed with the SEC. A shelf prospectus has
been filed with the securities regulatory authorities in certain provinces in
Canada and a preliminary prospectus supplement was filed with such regulatory
authorities.
    

    About Vista Gold Corp.

    
    Since 2001, Vista has acquired a number of gold projects with the
expectation that higher gold prices would increase their value. Vista has
taken steps to advance the Paredones Amarillos gold project located in Baja
California Sur, Mexico, towards production.  These steps include the
completion of a definitive feasibility study, the purchase of long delivery
processing equipment items, and the purchase of land for the processing
facilities, related infrastructure and the desalination plant. The results of
a preliminary economic assessment completed in 2009 on the Mt. Todd gold
project in Australia are encouraging and Vista is undertaking other studies to
advance the project, with the completion of a preliminary feasibility study
targeted for the fourth quarter of 2009.  Vista's other holdings include the
Guadalupe de los Reyes gold project in Mexico, Yellow Pine gold project in
Idaho, Awak Mas gold project in Indonesia, and the Long Valley gold project in
California.


    For further information, please contact:

    
    Vista Gold Corp.
    Attn: Greg Marlier
    7961 Shaffer Parkway, Suite 5
    Littleton, Colorado 80127
    Phone: 720-981-1185
    Fax: 720-981-1186
    Email: gmarlier@vistagold.com

    
    This press release contains forward-looking statements within the meaning
of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange
Act of 1934, as amended, and forward-looking information within the meaning of
Canadian securities laws.  All statements, other than statements of historical
facts, included in this press release that address activities, events or
developments that Vista expects or anticipates will or may occur in the
future, including such things as the size of the announced offering, the
number of common shares to be issued, and the anticipated use of proceeds. 
When used in this press release, the words "optimistic", "potential",
"indicate", "expect", "intend", "hopes," "believe," "may," "will," "if" and
similar expressions are intended to identify forward-looking statements and
forward-looking information.  These statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of Vista to be materially different from any
future results, performance or achievements expressed or implied by such
statements.  Such factors include, among others, uncertainty of market
response to the offering, the pricing of the offering, the future use of
proceeds, risks relating to cost increases for capital and operating costs
including cost of power; risks relating to delays at Vista's projects; risks
of shortages of equipment or supplies; risks relating to fluctuations in the
price of gold; the inherently hazardous nature of mining-related activities;
uncertainties concerning resource estimates; potential effects on Vista's
operations of environmental regulations in the countries in which it operates;
risks due to legal proceedings; risks relating to political and economic
instability in certain countries in which it operates; risks related to
repayment of debt; risks related to increased leverage and uncertainty of
being able to raise capital on favorable terms or at all; as well as those
factors discussed in Vista's latest Annual Report on Form 10-K and Quarterly
Report on Form 10-Q and other documents filed with the U.S. Securities and
Exchange Commission and Canadian securities commissions.  Although Vista has
attempted to identify important factors that could cause actual results to
differ materially from those described in forward-looking statements and
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended.  Except as required by law, Vista
assumes no obligation to publicly update any forward-looking statements or
forward-looking information; whether as a result of new information, future
events or otherwise.
    






    




For further information:

For further information: Greg Marlier of Vista Gold Corp.,
+1-720-981-1185, fax, +1-720-981-1186, gmarlier@vistagold.com Web Site:
http://www.vistagold.com


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