Vista Gold Upsizes Bought Deal To US$13.5 Million

Vista Gold (TSX: VGZ) last night announced a bought deal financing. Originally pegged at US$8.0 million, the financing was subsequently increased to $13.5 million following strong demand from investors.

The financing, lead by H.C. Wainwright & Co, will see the company sell a total of 12.3 million units at a price of US$1.10 per unit. Each unit contains one common share and one half of a common share purchase warrant.

Each warrant is valid for a period of three years from the date of issuance, at an exercise price of US$1.25 per share. Notably, the warrants have no hold period attached to them.

An over-allotment option has also been granted, for up to an additional 1.8 million units of the company.

Proceeds from the financing are to be used to advance the firms Mt Todd project, with potential expenditures including further drilling and technical reports, and supporting the securing of a development partner. Proceeds are also to be used for working capital and general corporate purposes.

The financing is currently slated to close by July 12, 2021.

Vista Gold last traded at $1.48 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

$10,000 Gold Is Just A Question of Time | Florian Grummes

Florian Grummes from Midas Touch Consulting takes us through what’s keeping the gold market so...

Monday, August 25, 2025, 02:55:00 PM

B2Gold Seeks International Arbitration Against Mali For Menankoto Permit

B2Gold Corp. (TSX: BTO), through its Malian subsidiary Menankoto SARL, announced Thursday that it has...

Friday, June 25, 2021, 09:28:29 AM

Aya Gold & Silver Posts $9.9 Million In Revenue For Q2 2021

Aya Gold & Silver Inc. (TSX: AYA) shared today its operational and financial results for...

Friday, August 13, 2021, 09:38:00 AM

Gold’s Perfect Storm: Rate Cuts Amid Inflation With Lobo Tiggre of Independent Speculator

At The Rule Symposium of Natural Resource Investing in Boca Raton, Florida, Steve sat down...

Wednesday, July 17, 2024, 03:39:00 PM

India Reduces US Treasury Holdings, Boosts Gold Reserves

India has reduced its holdings of US Treasury securities by $15 billion while significantly increasing...

Wednesday, September 3, 2025, 04:24:00 PM