(Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.)

May 21, 2010 (FinancialWire) — Vista Gold Corp. (AMEX: VGZ) (TSX: VGZ) said that it has closed its previously announced repurchase of an aggregate of $5.667 million in principal amount of its 10% senior secured convertible notes due March 4, 2011 from a noteholder under the terms of a repurchase agreement dated May 13.

Under the terms of the agreement, Vista paid the noteholder $2,232,798 in cash and 1,902,684 in common shares in the capital of the corporation in consideration for the notes and interest due to maturity. The common shares were issued at a price of $2.15 per share.  Vista's weighted average price per share was $2.32 on the AMEX Equities Stock Exchange for the five trading days before the execution of the Agreement.  

The notes repurchased by Vista have been cancelled, and $23 million principal amount of notes remains outstanding.  

Colorado-based Vista is focused on the development of the Paredones Amarillos gold project in Baja California Sur, Mexico and the Mt. Todd gold project in Northern Territory, Australia to achieve its goal of becoming a gold producer.

Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [mnngmrls] [bybksp] [ftrdnwswnd] [chngmdmgn] [hdlnldh] [chngmdmgn] [dntfrsrft] [ncldlcn] [ltnmrcrmntl] [sthcntrlmrc] [ltnmrcrmntl]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.