- VGZ -3.66%
Vista Gold (VGZ) announced the closing of its previously announced underwritten public offering of 17,940,000 of its common shares, which includes the full exercise of the underwriters’ option to purchase 2,340,000 additional common shares, at a price to the public of $2.50 per share. The total gross proceeds to Vista were $44.85M, before deducting underwriting discounts and commission and other offering expenses payable by Vista. The company intends to allocate the net proceeds from the offering to advance exploration and development activities at the company’s Mt. Todd gold project, a development-stage gold deposit in Australia’s Northern Territory, and for general corporate purposes. CIBC Capital Markets acted as the sole bookrunner for the offering and BMO Capital Markets, Raymond James, H.C. Wainwright & Co. and Tamesis Partners acted as co-managers for the offering.
Claim 70% Off TipRanks Premium
-
Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-
Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VGZ:
Disclaimer & DisclosureReport an Issue
-
Vista Gold options imply 9.8% move in share price post-earnings
-
Vista Gold announces equity offering to fund Mt. Todd
-
Vista Gold options imply 10.4% move in share price post-earnings
-
Vista Gold trading resumes
-
Vista Gold trading halted, news pending
