other material
confidence high
sentiment positive
materiality 0.70
Vista Gold closes $13.5M unit offering; proceeds to advance Mt Todd project
VISTA GOLD CORP
- Closed public offering of 12,272,730 units at $1.10/unit for gross proceeds of ~$13.5M.
- Each unit includes one common share and one-half warrant; warrant exercisable at $1.25 for 36 months.
- Underwriter partially exercised option for additional 920,454 warrants.
- Net proceeds to advance Mt Todd project (drilling, technical studies) and for general corporate purposes.
- H.C. Wainwright acted as sole book-runner; Haywood Securities and Roth Capital as co-managers.