6 Apr 2020capital raising announcement● Neutral
Vista granted a third-party service provider options on 50,000 shares, exercisable at $0.51, in exchange for advisory services.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Nov 2013capital raising announcement● Neutral
The company formally closed that loan extension, executing the share pledge agreement putting its Midas Gold Corp. shares up as collateral for the Sprott facility.
26 Sept 2013capital raising announcement▼ BadMajor
Vista extended its C$10 million Sprott loan from March 2014 to March 2015 at the same 8% rate, paying a 3.5% extension fee in 486,382 shares. The amendment also gave Sprott a first-priority pledge over the Midas Gold shares held by Vista and Vista US, plus a Vista US guarantee.
2 Apr 2013capital raising announcement● NeutralMajor
Vista entered a new C$10 million credit facility with Sprott Resource Lending Partnership at 8% interest, maturing March 2014, to help fund continued development of Mt Todd and Guadalupe de los Reyes plus general working capital.
3 Oct 2012capital raising announcement● Neutral
Another scheduled reminder to warrant holders that the exercise price on the 2010 warrants was stepping up again, from $4.00 to $4.50 per share.
22 Aug 2012capital raising announcement● Neutral
This amended filing gives the formal details of the $15 million private placement that closed on July 27, 2012: 5,000,000 units, each with one share and a half-warrant, with full warrants letting holders buy a share at US$3.60 until July 27, 2014. It also discloses 166,667 compensation warrants (exercisable at US$3.18) issued to agents and finders, and $500,000 in cash commissions; proceeds are earmarked for Mt Todd studies, drilling and water treatment, plus general corporate purposes. It adds the warrant indenture with Computershare as an exhibit and confirms the raise announced in June, so future share issuance is possible if the warrants are exercised.
1 Aug 2012capital raising announcement▲ GoodMajor
That private placement closed, raising the full $15 million.
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.
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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.
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.
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.
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.