1 Aug 2012capital raising announcement▲ GoodMajor
That private placement closed, raising the full $15 million.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 July 2012drilling result▲ Good
More drilling results from the ongoing Mt Todd resource-conversion program continued to support the case for a larger project.
28 June 2012capital raising announcement● Neutral
Vista announced a new private placement to raise up to $15 million by selling up to 5 million units at $3.00 each.
What it means for a shareholder
5.0m new shares at US$3.00 to raise about US$15.0m. That's 6.5% dilution: every existing holder's slice gets 6.5% smaller. If you held US$1,000 of shares (333 at the issue price), your slice goes from 0.000465% to 0.000434% of the company. To keep it you'd need 23 more shares - about US$69 at the issue price.
Create a free account to see this worked out for your own holding.
7 June 2012resource reserve update● NeutralMajor
Vista enlarged the planned Mt Todd plant to 40,000-45,000 tonnes per day to capture its growing resource, pushing the feasibility study back again to late 2012 or early 2013.
5 June 2012auditor change● Neutral
Vista switched auditors from PwC's Vancouver office to PwC Denver as it moved to US GAAP reporting and consolidated around its Colorado headquarters; no disputes were involved.
3 Apr 2012resource reserve update● Neutral
Vista pushed back its Mt Todd feasibility study to mid-2012 while it finalized costs for a larger plant, and reported more encouraging drilling at Guadalupe de los Reyes in Mexico.
14 Mar 2012resource reserve update▲ GoodMajor
Encouraged by continued high-grade drill results at depth, Vista decided to study an even larger Mt Todd operation and began building a project team in Australia to develop it.
29 Feb 2012resource reserve update▲ Good
Drilling at the Guadalupe de los Reyes gold-silver project in Mexico returned high-grade hits, including 12.15 g/t gold and 738 g/t silver, and Vista hired Tetra Tech to run a preliminary economic assessment on the project.
13 Feb 2012material agreement● NeutralMajor
Vista brought in Mexican company Invecture Group to earn up to 60% of its Concordia gold project in Baja California Sur for an initial US$2 million payment, easing the cost of holding onto its secondary Mexican assets.
24 Oct 2011resource reserve update● Neutral
Vista filed the formal technical report backing up its enlarged Batman resource estimate with Canadian regulators.
30 Sept 2011capital raising announcement● Neutral
The company reminded warrant holders from its 2010 financing that the exercise price was about to step up from $3.50 to $4.00 per share under the warrants' scheduled pricing tiers.
9 Sept 2011resource reserve update▲ GoodMajor
New drilling pushed the Batman deposit's estimated gold resource to nearly 6 million ounces measured and indicated, up 17% from a year earlier, as Vista worked toward a bigger definitive feasibility study.
16 June 2011farm in farm out agreement● NeutralMajor
Vista let its Indonesian joint-venture partner, Pan Asia Resources, earn up to a further 20% of the Awak Mas gold project on top of the 60% it was already earning, in exchange for more cash, shares and drilling.
12 Apr 2011material agreement● NeutralMajor
Vista raised about C$29.7 million in a bought-deal share offering, on top of the special-warrant financing from six months earlier, to keep funding Mt Todd and its Mexican and Indonesian projects.
8 Apr 2011capital raising announcement▲ GoodMajor
Vista closed the combination of its Yellow Pine (Idaho) holdings with Midas Gold's adjoining Stibnite-district claims, forming a new company, Midas Gold Corp.; a concurrent C$15.3 million private placement (Vista put in an extra C$3.5 million) left Vista holding about 37% of the new company.
4 Mar 2011capital raising announcement● Neutral
Warrants from the October 2010 financing began trading on the Toronto Stock Exchange, and the company corrected an earlier press release that had understated the special warrants and compensation warrants issued to its placement agents.
4 Mar 2011resource reserve update▲ GoodMajor
Vista's Idaho gold ground was combined with Midas Gold's adjoining Hangar Flats and West End deposits to create a new project, Golden Meadows, with nearly 6 million combined ounces; Vista will hold about 35% of the resulting Midas Gold Corp once the deal closes.
11 Feb 2011resource reserve update▲ Good
Vista disclosed that its 2006 development agreement with the Northern Territory government - under which the government holds site rehabilitation liability until Vista gets its permits - had been extended for another five years, and filed the full January 2011 feasibility study.
4 Jan 2011resource reserve update▲ GoodMajor
A new feasibility study more than doubled Mt Todd's estimated reserves to 4.1 million ounces of gold and outlined a bigger 30,000-tonne-per-day mine, a major step up from the August 2010 study.
28 Oct 2010capital raising announcement▲ GoodMajor
The private placement closed, raising $33.7 million; proceeds were earmarked to repurchase $23 million of 10% senior secured convertible notes coming due in March 2011, advance Mt Todd, and fund general corporate needs.
15 Oct 2010capital raising announcement● Neutral
The company added a second placement agent and, subject to exchange approval, upsized the financing to up to $33.8 million.
6 Oct 2010material agreement● NeutralMajor
Vista arranged to raise roughly US$30 million through a private placement of special warrants, capital it needed to keep advancing Mt Todd and its Mexican gold projects.
1 Oct 2010capital raising announcement● Neutral
Vista Gold announced plans for a private placement of up to $30 million, selling up to 13 million special warrants at $2.30 each, subject to shareholder and regulatory approval.
9 Sept 2010resource reserve update▲ Good
Vista also identified a smaller satellite deposit, Quigleys, near Batman, with an initial resource of about 456,000 ounces of gold.
20 Aug 2010resource reserve update▲ GoodMajor
A preliminary feasibility study put Vista's first-ever reserve estimate for the Batman deposit at Mt Todd at 2 million ounces of gold, backing a proposed 18,500-tonne-per-day mine with an 8.9-year life.
1 July 2010resource reserve update▲ Good
Vista found a promising new gold zone (up to 25 g/t in float samples) on the exploration land surrounding its Mt Todd project in Australia, and reported its Batman deposit drilling and a pre-feasibility study were both advancing.