SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 5)
Under the Securities Exchange Act of 1934
VISTA GOLD CORP.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
927926 20 4
(CUSIP Number)
Keith Presnell
Global Resource Investments Ltd.
7770 El Camino Real
Carlsbad, California 92009
Tel.: 760-943-3939
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 24, 2003
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. NOT APPLICABLE
CUSIP No. 927926 20 4 Page 2 of 5
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1 NAME OF REPORTING PERSON Arthur Richards Rule
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Not Applicable
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |_|
PURSUANT TO ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER 2,398,634
SHARES
BENEFICIALLY
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
PERSON
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 2,398,634
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,398,634
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.5%
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14 TYPE OF REPORTING PERSON* IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 927926 20 4 Page 3 of 5
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1 NAME OF REPORTING PERSON Rule Family Trust udt 12/17/98
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Not Applicable
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS* Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |_|
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION California
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER 2,398,634
SHARES
BENEFICIALLY
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
PERSON
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 2,398,634
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,398,634
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
(Amendment No. 5)
The Statement on Schedule 13D, dated February 8, 2002, initially filed by
Arthur Richards Rule, as amended by Amendment No. 1, dated May 2, 2002,
Amendment No. 2, dated July 2, 2002, Amendment No. 3, dated November 13, 2002,
and Amendment No. 4, dated December 16, 2002, each filed by Mr. Rule and the
Rule Family Trust udt 12/17/98, a revocable grantor trust (the "Trust," and
together with Mr. Rule, the "Reporting Persons") (as so amended, the "Schedule
13D") is hereby amended by this Amendment No. 5, dated January 31, 2003 (the
"Amendment"), to reflect certain changes in the information previously filed by
the Reporting Persons relating to the outstanding Common Shares of Vista Gold
Corp. (the "Issuer"). Unless otherwise specified, all capitalized terms
contained herein have the meanings assigned to them in the Schedule 13D.
NOTE: Beneficial ownership calculations below are based on 10,925,880
Common Shares of the Issuer outstanding as of January 24, 2003.
Item 5. Interest in Securities of the Issuer
Item 5(a) and (c) are hereby amended and restated to read in their
entirety as follows:
(a) Exploration Capital is the direct beneficial owner of 2,052,814 Shares
(including 1,122,807 immediately exercisable purchase warrants), representing
approximately 17.0% of the Issuer's outstanding Common Shares. By virtue of the
relationships described under Item 2 of the Schedule 13D, each of Mr. Rule and
the Trust may be deemed to share indirect ownership of the Shares directly
beneficially owned by Exploration Capital.
Global Resource is the direct beneficial owner of 275,820 Shares (all of
which are immediately exercisable share purchase warrants). Rule Investments,
the General Partner of Global Resource, is the direct beneficial owner of 70,000
Common Shares. By virtue of the relationships described under Item 2 of the
Schedule 13D, each of Mr. Rule and the Trust may be deemed to share indirect
ownership of the Shares directly beneficially owned by Global Resource and by
Rule Investments.
Based on the above, each of Mr. Rule and the Trust has, in aggregate,
indirect beneficial ownership of 2,398,634 Shares, or approximately 19.5% of the
Issuer's outstanding Common Shares.
(c) The Reporting Persons do not directly beneficially own any Shares.
Since the filing of Amendment No. 4 to the Schedule 13D, the following
transactions have occurred with respect to the Shares indirectly beneficially
owned by the Reporting Persons:
Rule Investments sold Common Shares, all in open market transactions on the
American Stock Exchange, as follows:
Date No. of Shares Price per Share
------- ------------- ---------------
1/8/03 20,250 $5.55
1/8/03 2,000 $5.56
1/8/03 2,500 $5.57
1/9/03 103,574 $5.5301
1/10/03 30,000 $5.715
Global Resource exercised Common Share purchase warrants and distributed the
Common Shares received on exercise to persons unaffiliated with either of the
Reporting Persons, as follows:
1/24/03 - exercised warrants (expiry date 3/18/07) to purchase 12,476 Common
Shares @$1.50, distributed as above
1/27/03 - exercised warrants (expiry date 2/1/07) to purchase 8,000 Common
Shares @$1.50, distributed as above
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Date: January 31, 2003 Arthur Richards Rule, individually
By: /s/ Keith Presnell
--------------------------------
Keith Presnell, Attorney-in-Fact
Date: January 31, 2003 Rule Family Trust udt 12/17/98
By: /s/ Keith Presnell
--------------------------------
Keith Presnell, Attorney-in-Fact for
Arthur Richards Rule, Trustee