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Gold/Mining/Energy : Vista Gold (VGZ)
VGZ 2.0900.0%Dec 26 9:30 AM EST

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From: hubris339/21/2006 3:28:08 PM
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Shelf Registration in connection to spin-off.

vistagold.com

Vista Gold Corp. Announces Proposed Registered Offering of Common Shares in Connection with Proposed Spin-Off
Denver, Colorado August 15, 2006 – Vista Gold Corp. (TSX & AMEX: VGZ) announced today that it plans to file a shelf registration statement with the U.S. Securities and Exchange Commission (the “Commission”) relating to the proposed registration for offering of up to four million common shares from time to time and through one or more methods of distribution, subject to market conditions and the Corporation’s capital needs. The Corporation anticipates that some or all of the registered shares will be issued to raise approximately US$25 million to be invested in a company to be spun off by the Corporation. The proposed spin-off transaction was previously announced in the Corporation’s press release dated July 10, 2006, and Form 8-K filed with the Commission on July 12, 2006, which set forth terms of a letter of intent (“LOI”) with respect to the transaction.
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