Vista Gold Prices Public Offering to Raise Funds for Mt. Todd

Vista Gold Corp. (NYSE MKT, TSX: VGZ) announced it has priced an underwritten public offering of approximately 3.6 million units at a price to the public of US$2.75 per unit, intended to fund their Mt. Todd gold project.

As quoted in the press release:

Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one common share of the Company’s stock at an exercise price of US$3.30 for a period of 24 months from the closing of this offering.

To view the whole press release, click here.