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Placements & Offerings: Vista Gold Plans Larger Raise

October 14, 2010 (FinancialWire) (http://www.financialwire.net/) — Vista Gold Corp. (TSX: VGZ) (AMEX: VGZ) said that it has agreed to include a co-agent with its Canadian agent in respect of its private placement of special warrants and, subject to the approval of the Toronto Stock Exchange and the NYSE AMEX, to increase the size of the financing from up to U.S.$30 million (or 13,043,479 special warrants) to up to U.S.$33,756,502 (or 14,676,740 special warrants).

In addition, the firm has agreed to adjust the acceleration provision of the warrants to provide that the warrants will be cancelled if not exercised within 25 (instead of 15) business days after receipt of the early exercise request from Vista.  

Colorado-based Vista is focused on the development of the Concordia 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.

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