other material
confidence high
sentiment neutral
materiality 0.70
Vista Gold upsizes bought deal offering to $13.5M, selling 12.3M units at $1.10/unit
VISTA GOLD CORP
- Offering upsized from $8M to $13.5M; 12,272,730 units priced at $1.10/unit.
- Each unit: one common share plus one-half warrant exercisable at $1.25 for 36 months.
- Underwriters granted 30-day option for up to 1,840,908 additional units/shares/warrants.
- Net proceeds to advance Mt Todd technical studies, drilling, and pursue development partner.
- Expected close on or about July 12, 2021 subject to TSX and NYSE American approvals.