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Vista Gold Announces Plan for Public Offering; Shares Drop 5% After Hours

Posted
12/13/2012 4:20:00 PM
By: MT Newswires
Referenced Stocks:VGZ

Vista Gold Corp. ( VGZ ) has filed a preliminary prospectus supplement pursuant to which the company proposes to complete an offering of units upon terms to be determined in the context of the market.

Each unit will be 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 to be determined in the context of the market for a period of 24 months from the closing of this offering.

VGZ shares are down 4.8% at $2.80 in late trade.