Filed pursuant to Rule 424(b)(3)
Registration No. 333-104443
PROSPECTUS SUPPLEMENT NO. 1 DATED AUGUST 6, 2003
TO PROSPECTUS DATED APRIL 17, 2003
VISTA GOLD CORP.
2,807,352 Common Shares
without par value
You should read this prospectus supplement together with our prospectus
dated April 17, 2003, which is to be delivered with this prospectus supplement.
INVESTING IN OUR COMMON SHARES INVOLVES A HIGH DEGREE OF RISK. SEE "RISK
FACTORS" BEGINNING ON PAGE 2 OF THE PROSPECTUS TO READ ABOUT CERTAIN RISKS YOU
SHOULD CONSIDER BEFORE BUYING OUR COMMON SHARES.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
The date of this prospectus supplement is August 6, 2003.
The information in this prospectus supplement concerning the selling
security holders supersedes in part the information set forth under the caption
"Selling Security Holders" in the prospectus by deleting the information
contained in the table regarding the selling security holders with respect to
beneficial ownership of our common shares, as well as the paragraph immediately
preceding that table, and substituting therefor the following paragraph and
table:
The following table sets forth, as of the date of this prospectus
supplement, the number of shares being held of record or beneficially by the
selling security holders as well as the remaining number of shares that may be
offered under this prospectus, and provides by footnote reference any material
relationship between Vista Gold and the selling security holder, all of which is
based upon information currently available to us.
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Beneficial Ownership of Beneficial Ownership of
Selling Security Holder Shares
As of Date of Prospectus Supplement (1) After Offering (2)
--------------------------------------- ------------------
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Remaining
Number of
Shares
Offered
Name of Selling Security Holder Number (3) Percent Hereby Number Percent
------------------------------- ---------- ------- ------ ------ -------
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Agora Communications Ltd. (4) 36,000 * 36,000 0 *
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Douglas Casey (5) 162,465 1.3% 65,000 97,465 *
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Adventure Seekers Travel, Inc. (6) 50,366 * 26,000 24,366 *
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Martin M. Bressler 6,000 * 6,000 0 *
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Haywood Securities ITF David Lyall (7) 140,428 1.1% 80,000 60,428 *
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John Tognetti 200,000 1.6% 200,000 0 *
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Canaccord Capital ITF Peter M. Brown 80,000 * 80,000 0 *
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Brant Investments Limited (8) 100,428 * 40,000 60,428 *
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Obrea & Co. ITF RRSP (9) 362,556 2.8% 80,000 282,556 2.2%
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Endeavour Mining Capital Corp. (10) 120,000 * 120,000 0 *
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Adrian Day 40,000 * 40,000 0 *
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Kevin O'Halloran, M.D 82,000 * 82,000 0 *
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Jan W. Janssen Trust UAD 11/4/2002 116,000 * 116,000 0 *
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The Harnack Family Trust dtd 10/27/87 32,000 * 32,000 0 *
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J. Clay Freeny & Phyllis Freeny Joint 14,000 * 14,000 0 *
Tenants
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Merry Lee Carnall 32,000 * 32,000 0 *
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Stephen S. Taylor 32,000 * 32,000 0 *
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Taylor Leasing, LLC (11) 8,000 * 8,000 0 *
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Charles A. Haegelin 20,000 * 20,000 0 *
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The Valentine Family Trust UAD 9/25/98 16,000 * 16,000 0 *
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Lowell S. Fink 14,000 * 14,000 0 *
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Karen Mileson 20,000 * 20,000 0 *
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Herbert L. Raburn 40,000 * 40,000 0 *
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Harriet C. Utley 20,000 * 20,000 0 *
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Utley Interests Inc. (12) 20,000 * 20,000 0 *
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Charles Hill & Richard Utley & JLT 20,000 * 20,000 0 *
(Southern) Ltd.; Trustees of the Oakland
Energy (UK) Ltd. Retirement Benefit
Scheme (13)
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Beneficial Ownership of Beneficial Ownership of
Selling Security Holder Shares
As of Date of Prospectus Supplement (1) After Offering (2)
--------------------------------------- ------------------
---------------------------------------------------------------------------------------------------------------------
Remaining
Number of
Shares
Offered
Name of Selling Security Holder Number (3) Percent Hereby Number Percent
------------------------------- ---------- ------- ------ ------ -------
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John E. Dierks Living Trust dtd 1/7/1986 80,000 * 80,000 0 *
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Daniel T. Martinez 100,000 * 100,000 0 *
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David De Lamar 12,000 * 12,000 0 *
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The McDougal Family Limited Partnership 14,000 * 14,000 0 *
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John Montfort 100,000 * 100,000 0 *
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The Cranton Family Partnership L.P. 126,000 1.0% 126,000 0 *
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Marvin Berkman 20,000 * 20,000 0 *
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Caroline Berkman 12,000 * 12,000 0 *
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Charles E. Koehn Jr 20,000 * 20,000 0 *
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Larry E. Rieder 20,000 * 20,000 0 *
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MDW & Associates, LLC (14) 15,000 * 10,000 5,000 *
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Susan C. van Eeden (15) 24,493 * 5,000 19,493 *
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Howard Family Trust UAD 4/29/99 20,000 * 20,000 0 *
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Dante Gallinetti 20,000 * 20,000 0 *
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RBC Dain Rauscher Custodian FBO 30,000 * 30,000 0 *
Ronald P. Slates Segregated Rollover IRA
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Southern Minnesota Broadcasting Co. (16) 80,000 * 80,000 0 *
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Tracy Siddall 20,000 * 20,000 0 *
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Switoslaw D. Stowbunenko-Saitschenko, 15,000 * 15,000 0 *
Trust
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Kenneth P. Metcalfe 20,000 * 20,000 0 *
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Glass Supplies, Inc. (17) 30,000 * 30,000 0 *
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David L. Jenson 20,000 * 20,000 0 *
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Jaime L. Matta (18) 69,000 * 60,000 9,000 *
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Timothy K. Taylor 20,000 * 20,000 0 *
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First Riverside Investors LP (19) 40,000 * 40,000 0 *
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John P. & Roberta Lindal 20,000 * 20,000 0 *
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Keith Presnell (20) 126,479 1.0% 52,000 74,479 *
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The Hart Organization Corp. (21) 372,000 2.9% 372,000 0 *
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Wendy James 20,000 * 20,000 0 *
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TOTAL 3,250,215 22.3% 2,617,000 633,215 4.8%
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* Represents less than 1% of the outstanding common shares.
(1) Applicable percentage of ownership is based on 12,761,287 common shares
outstanding as of July 30, 2003, plus any securities held by such holder
exercisable for or convertible into common shares within sixty (60) days
after the date of this prospectus supplement, in accordance with Rule
13d-3(d)(1) under the Securities Exchange Act of 1934, as amended.
Beneficial ownership information as of the commencement of the offering is
contained in the original prospectus dated April 17, 2003.
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(2) Assumes in all cases that all shares offered hereby are sold pursuant to
this offering and that no other common shares are acquired or disposed of
by the selling security holders prior to the termination of this offering.
Because the selling security holders may sell all, some or none of their
shares or may acquire or dispose of other common shares, we cannot
estimate the aggregate number of shares which will be sold in this
offering or the number or percentage of common shares that each selling
security holder will own upon completion of this offering.
(3) Unless otherwise noted, represents the total number of (i) common shares
issued to the selling security holder and (ii) shares issuable to the
holder upon exercise of warrants acquired in private placement transaction
as described in the original prospectus dated April 17, 2003, as updated
to reflect sales or purchases of common shares since that date.
(4) Agora Communications Ltd. is a privately-held corporation based in
Liechtenstein. Based on its filing with the Toronto Stock Exchange in
connection with its purchase of special warrants from Vista Gold, Jurg
Keller is a director and authorized signatory, and no person beneficially
owns 10% or more of its outstanding equity.
(5) Ownership totals include 97,465 common shares issuable upon exercise of
previously acquired warrants, that are not being registered for inclusion
in this offering.
(6) Adventure Seekers Travel, Inc., is a privately-held corporation based in
California. Based on its filing with the Toronto Stock Exchange in
connection with its purchase of special warrants from Vista Gold, its
President is Bryce W. Rhodes, and its controlling shareholders are Mr.
Rhodes and Susan W. Rhodes. Ownership totals include 24,366 common shares
issuable upon exercise of previously acquired warrants, that are not being
registered for inclusion in this offering.
(7) Ownership totals include 60,428 common shares issuable upon exercise of
previously acquired warrants, that are not being registered for inclusion
in this offering.
(8) Securities registered as shown in table but purchaser is Middlemarch
Partners Limited, which is a privately-held corporation based in the
United Kingdom. Based on its filing with the Toronto Stock Exchange in
connection with its purchase of special warrants from Vista Gold, Cecilia
M. Kershaw is a director and authorized signatory, and Ms. Kershaw and
Henry Tondowski are its controlling equityholders. Ownership totals
include 60,428 common shares issuable upon exercise of previously acquired
warrants, that are not being registered for inclusion in this offering.
(9) Securities registered as shown in table but purchaser is Ross Beaty.
Ownership totals include 222,128 previously acquired common shares and
60,428 common shares issuable upon exercise of previously acquired
warrants, that are not being registered for inclusion in this offering.
(10) Endeavour Mining Capital Corp. is a privately-held corporation based in
the Cayman Islands. Based on its filing with the Toronto Stock Exchange in
connection with its purchase of special warrants from Vista Gold, William
Koutsouras is a director, Secretary and Chief Financial Officer and
authorized signatory, and its controlling equityholders are The Equitable
Life Assurance Society, based in the United Kingdom, and Kinross Gold
Corporation, based in Toronto, Ontario, Canada, both of which are
widely-held entities. Newmont Mining Corporation owns more than 10% of the
outstanding equity of Kinross Gold. The directors of Endeavour Mining, in
addition to Mr. Koutsouras, are Neil Woodyer, Frank Giustra, Wayne
McManus, Michael Beckett and Anthony Williams.
(11) Taylor Leasing, LLC is a privately-held limited liability company based in
Illinois. Based on its filing with the Toronto Stock Exchange in
connection with its purchase of special warrants from Vista Gold, Stephen
S. Taylor is a manager of the LLC, and each of Mr. Taylor and Stephen S.
Taylor, Sr. owns 10% or more of its outstanding equity.
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(12) Utley Interests Inc. is a privately-held corporation based in Texas. Based
on its filing with the Toronto Stock Exchange in connection with its
purchase of special warrants from Vista Gold, its President and 100% owner
is Richard J.W. Utley.
(13) Registered owner is a corporate retirement plan organized under United
Kingdom law, whose sole beneficiary is Mr. Utley.
(14) MDW & Associates LLC is a privately-held limited liability company based
in California. Based on its filing with the Toronto Stock Exchange in
connection with its purchase of special warrants from Vista Gold, Michael
D. Winn is a manager of the LLC, and each of Mr. Winn and Putney Holding
Company, L.P. owns 10% or more of its outstanding equity. Further
information as to Putney Holding Company, L.P. is not available. Ownership
totals include 5,000 common shares issuable upon exercise of previously
acquired warrants, that are not being registered for inclusion in this
offering.
(15) Ownership totals include 19,493 common shares issuable upon exercise of
previously acquired warrants, that are not being registered for inclusion
in this offering.
(16) Southern Minnesota Broadcasting Co. is a privately-held corporation based
in Minnesota. Based on its filing with the Toronto Stock Exchange in
connection with its purchase of special warrants from Vista Gold, its
President is Greg Gantling, and no person beneficially owns 10% or more of
its outstanding equity.
(17) Glass Supplies, Inc. is a privately-held corporation based in Virginia.
Based on its filing with the Toronto Stock Exchange in connection with its
purchase of special warrants from Vista Gold, its President and 100% owner
is Donald Smith.
(18) Ownership totals include 9,000 subsequently acquired common shares that
are not being registered for inclusion in this offering.
(19) First Riverside Investors LP is a privately-held limited partnership based
in New York. Based on its filing with the Toronto Stock Exchange in
connection with its purchase of special warrants from Vista Gold, its
authorized signatory is Jerome Ginsburg, and each of Mr. Ginsburg and
Merle Ginsburg owns 10% or more of its outstanding equity.
(20) Ownership totals include 16,000 previously acquired common shares and
58,479 common shares issuable upon exercise of previously acquired
warrants, that are not being registered for inclusion in this offering.
(21) The Hart Organization Corp. is a privately-held corporation based in
Georgia. Based on its filing with the Toronto Stock Exchange in connection
with its purchase of special warrants from Vista Gold, Latrobe J. Laidlaw
is its Vice President Operations and authorized signatory, and Frank E.
Hart owns 10% or more of its outstanding equity.
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