SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
VISTA GOLD CORP.
(Exact name of Registrant as specified in its charter)
British Columbia, Canada (State or other jurisdiction of Incorporation or organization) |
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Not Applicable |
7961 Shaffer Parkway, Suite 5 Littleton, Colorado 80127 (Address of Principal Executive Offices) |
VISTA GOLD CORP. Long Term Equity Incentive Plan (Full title of the plans) |
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Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
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Large accelerated filer o |
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Accelerated filer x |
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Non-accelerated filer o |
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Smaller reporting company o |
(Do not check if a smaller reporting company) |
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CALCULATION OF REGISTRATION FEE
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Common shares without par value(1) |
3,375,524 |
US$0.49(2) |
US$1,654,006.76 |
US$214 |
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3,375,524 |
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US$214 |
(1)Total Common Shares, without par value, available for issuance by the Corporation pursuant to Awards under the Plan described herein, based on number of Common Shares currently reserved for issuance under the Plan.
(2)The proposed maximum offering price per share and the registration fee were calculated in accordance with Rule 457(c) and (h) based on the average of the high and low prices (US$0.53 and US$0.45, respectively) for the Corporation’s Common Shares on September 27, 2013 as quoted on the NYSE MKT.
INTRODUCTORY STATEMENT
This Registration Statement on Form S-8 is filed pursuant to General Instruction E to Form S-8 by Vista Gold Corp. (the “Registrant”), in order to register 3,375,524 additional common shares (“Common Shares”) which have been reserved for issuance pursuant to restricted stock units and restricted stock awards (collectively, “Awards”) under the Vista Gold Corp. Long Term Equity Incentive Plan (the “Plan”). Under the terms of the Plan, the Registrant is authorized to grant Awards which in combination with the Registrant’s stock option plan equals that number of Common Shares which represents 10% of the Registrant’s issued and outstanding Common Shares from time to time. At September 6, 2013, 81,788,835 Common Shares of the Registrant were issued and outstanding, with 10% of this number being 8,178,884. An aggregate 1,679,757 Common Shares reserved for issuance under the Plan were previously registered with the United States Securities and Exchange Commission (the “Commission”). The 1,679,757 Common Shares reserved for issuance under the Plan were registered on a Registration Statement on Form S-8 filed with the Commission on September 12, 2011 (File No. 333-176792) (the “Prior Registration Statement”). The Registrant incorporates by reference herein the contents of the Prior Registration Statement.
If an Award issued under the Plan expires without the recipient having vested in all of the Common Shares to which such recipient was entitled, the unvested Common Shares shall be released from their allocation and reservation, in the case of restricted stock units, or repurchased and canceled by the Registrant, in the case of restricted stock, and shall be again available for the purposes of the Plan.
PART I.INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.*
Item 2. Registrant Information and Employee Plan Annual Information.*
* This information is not required to be included in, and is not incorporated by reference in, this Registration Statement.
PART II.INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed or furnished by the Registrant with the Securities and Exchange Commission (the “Commission”) are hereby incorporated by reference in this registration statement:
(a)the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, filed with the Commission on March 14, 2013;
(b)all other reports of the Registrant filed pursuant to Section 13(a) or 15(d) of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”), since the end of the fiscal year covered by the Annual Report incorporated by reference herein pursuant to (a) above; and
(c)the description of the Registrant’s common stock contained in its registration statement on Form 8-A filed on January 4, 1988, including any amendment or report filed for purposes of updating such description.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective amendment that indicate that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this registration statement and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Item 4. Description of Securities.
Not Applicable.
Item 5. Interests of Named Experts and Counsel.
None.
Item 6. Indemnification of Directors and Officers.
Section 19.2 of our Articles provides that, to the extent not prohibited by the Business Corporations Act (British Columbia) (the “Act”), we will indemnify each person (each, an “eligible party”) who:
(a) is or was a director or officer of Vista,
(b) is or was a director or officer of another corporation,
(i) at a time when the corporation is or was an affiliate of ours, or
(ii) at our request, or
(c) at our request, is or was, or holds or held a position equivalent to that of, a director or officer of a partnership, trust, joint venture or other unincorporated entity,
against all judgments, penalties or fine awarded or imposed in, or amounts paid in settlement of, any proceeding in which any such person (or any of their heirs and legal representatives) is or may be joined as a party or is or may be liable in respect of a judgment, penalty or fine in, or expenses related to such proceeding, by reason of holding or having held such position with us, our affiliates or at our request. In addition, we must, after the final disposition of any such proceeding, pay the costs, charges and expenses actually and reasonably incurred by such eligible parties in respect of such proceedings.
Section 19.4 of our Articles provides that unless prohibited by applicable law or court order, we must pay, as they are incurred, in advance of the final disposition of an eligible proceeding, the expenses actually and reasonably incurred by an eligible party in respect of the eligible proceeding, provided that we shall not make such payments unless we first receive from the person being indemnified a written undertaking that, if it is ultimately determined that the payment of expenses is prohibited by applicable law, that person must repay us the amounts advanced.
Section 19.5 of our Articles provides that despite any other provision of Part 19, we are not obligated to make any payment that is prohibited by the Act or by court order in force at the date the payment was made. Subsection 163(1) of the Act provides that a company must not indemnify or pay the expenses of an eligible party if any of the following circumstances apply:
(a) if the indemnity or payment is made under an earlier agreement to indemnify or pay expenses and, at the time that the agreement to indemnify or pay expenses was made, the company was prohibited from giving the indemnity or paying the expenses by its memorandum or articles;
(b) if the indemnity or payment is made otherwise than under an earlier agreement to indemnify or pay expenses and, at the time that the indemnity or payment is made, the company is prohibited from giving the indemnity or paying the expenses by its memorandum or articles;
(c) if, in relation to the subject matter of the eligible proceeding, the eligible party did not act honestly and in good faith with a view to the best interests of the company or the associated corporation, as the case may be;
(d) in the case of an eligible proceeding other than a civil proceeding, if the eligible party did not have reasonable grounds for believing that the eligible party's conduct in respect of which the proceeding was brought was lawful.
Subsection 163(2) of the Act further provides that if a proceeding is brought against an eligible party by or on our behalf or by or on behalf of corporation associated to us, we must not indemnify or pay the expenses of such eligible party in respect of that proceeding.
Section 164 of the Act provides that despite the indemnity provisions of the Act and whether or not payment of expenses or indemnification has been sought, authorized or declined, on our application or the application of an eligible party, the British Columbia Supreme Court may do one or more of the following:
(a) order a company to indemnify an eligible party against any liability incurred by the eligible party in respect of an eligible proceeding;
(b) order a company to pay some or all of the expenses incurred by an eligible party in respect of an eligible proceeding;
(c) order the enforcement of, or any payment under, an agreement of indemnification entered into by a company;
(d) order a company to pay some or all of the expenses actually and reasonably incurred by any person in obtaining an order under this section;
(e) make any other order the court considers appropriate.
Section 19.6 of our Articles provides that we may purchase and maintain insurance for the eligible parties or their heirs and personal or other legal representatives against any liability that may be incurred by reason of their acting as eligible parties. We maintain such insurance.
We indemnify our directors and executive officers, as well as their heirs and representatives, pursuant to indemnification agreements we have entered into with each such director and executive officer, against all liabilities and obligations, including legal fees and costs of investigation and defense of claims, as well as amounts paid to settle claims or satisfy judgments, that these directors and officers may incur in such capacities. While these agreements provide that we will indemnify such director or officer regardless of conduct or fault of that person, the agreements also provide that we may only make such indemnification payments as permitted by applicable law. The agreements provide that our obligations under the agreements are not diminished or otherwise affected by, among other things, any officers’ liability insurance placed by or for the benefit of the indemnitee, us or any entity related to either.
Item 7. Exemption from Registration Claimed.
Not Applicable.
Item 8. Exhibits.
Exhibit Number |
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Description |
4.1* |
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Warrant Indenture, dated October 22, 2010, between Vista Gold Corp. and Computershare Trust Company of Canada, as Trustee filed as Exhibit 4.2 to the Company’s Current Report on Form 8-K, as filed December 17, 2010 and incorporated herein by reference (File No. 1-9025) |
4.2* |
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Warrant Indenture dated July 27, 2012 between the Company and Computershare Trust Company of Canada, as Trustee, filed as Exhibit 4.1 to the Company’s Current Report on Form 8-K/A as filed August 22, 2012 and incorporated herein by reference (File No. 1-9025) |
4.3* |
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Vista Gold Stock Option Plan, filed as Schedule C to the Company’s definitive Proxy Statement on Schedule 14A, as filed on April 3, 2006 and incorporated herein by reference (File No. 1-9025) |
4.4* |
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Vista Gold Long-Term Incentive Plan, filed as Exhibit 4.1 to the Company’s Registration Statement on Form S-8, as filed September 12, 2011 and incorporated herein by reference (File No. 333-176792) |
5.1 |
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Opinion of Borden Ladner Gervais LLP |
23.1 |
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Consent of PricewaterhouseCoopers LLP, Denver, independent auditors |
23.2 |
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Consent of SRK Consulting (U.S.), Inc. |
23.3 |
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Consent of Golder Associates, Inc. |
23.4 |
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Consent of Terry Braun |
23.5 |
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Consent of Mine Development Associates Inc. |
23.6 |
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Consent of Tetra Tech Inc. |
23.7 |
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Consent of Rex Bryan |
23.8 |
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Consent of Thomas Dyer |
23.9 |
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Consent of Steven Ristorcelli |
23.10 |
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Consent of Resource Development Inc. |
23.11 |
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Consent of Richard Jolk |
23.12 |
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Consent of Deepak Malhotra |
23.13 |
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Consent of David Kidd |
23.14 |
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Consent of Vicki Scharnhorst |
23.15 |
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Consent of Erick Spiller |
23.16 |
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Consent of Edwin Lips |
23.17 |
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Consent of John Rozelle |
23.18 |
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Consent of Stephen Krajewski |
23.19 |
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Consent of PricewaterhouseCoopers LLP, Vancouver, independent auditors |
23.20 |
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Consent of Deloitte LLP |
23.21 |
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Consent of Borden Ladner Gervais LLP (incorporated in Exhibit 5.1 hereto) |
24.1 |
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Powers of Attorney filed with the signature pages hereto |
* Incorporated by reference herein
Item 9. Undertakings.
(a)The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”);
(ii)To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represents no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
(iii)To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Signatures
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Littleton, State of Colorado, on this 1st day of October, 2013.
VISTA GOLD CORP.
/s/ Frederick H. Earnest
Name: Frederick H. Earnest
Title: Chief Executive Officer
(Principal Executive Officer)
/s/ John F. Engele
Name: John F. Engele
Title: Chief Financial Officer
(Principal Financial and Accounting Officer)
Exhibit 24.1
Power of Attorney
Each person whose signature appears below constitutes and appoints Frederick H. Earnest and John F. Engele his/her true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, for them in any and all capacities, to sign any amendments to this registration statement, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact, or their substitute or substitutes, may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.
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/s/ Frederick H. Earnest
Frederick H. Earnest |
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Chief Executive Officer and Director (Principal Executive Officer) |
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October 1, 2013 |
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/s/ John F. Engele
John F. Engele |
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Chief Financial Officer (Principal Financial and Accounting Officer) |
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October 1, 2013 |
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/s/ Michael B. Richings
Michael B. Richings |
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Director |
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October 1, 2013 |
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/s/ John M. Clark
John M. Clark |
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Director |
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October 1, 2013 |
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/s/ C. Thomas Ogryzlo
C. Thomas Orgyzlo |
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Director |
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October 1, 2013 |
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/s/ W. Durand Eppler
W. Durand Eppler |
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Director |
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October 1, 2013 |
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/s/ Tracy A. Stevenson
Tracy A. Stevenson |
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Director |
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October 1, 2013 |
EXHIBIT INDEX
Exhibit Number |
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Description |
4.1* |
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Warrant Indenture, dated October 22, 2010, between Vista Gold Corp. and Computershare Trust Company of Canada, as Trustee filed as Exhibit 4.2 to the Company’s Current Report on Form 8-K, as filed December 17, 2010 and incorporated herein by reference (File No. 1-9025) |
4.2* |
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Warrant Indenture dated July 27, 2012 between the Company and Computershare Trust Company of Canada, as Trustee, filed as Exhibit 4.1 to the Company’s Current Report on Form 8-K/A as filed August 22, 2012 and incorporated herein by reference (File No. 1-9025) |
4.3* |
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Vista Gold Stock Option Plan, filed as Schedule C to the Company’s definitive Proxy Statement on Schedule 14A, as filed on April 3, 2006 and incorporated herein by reference (File No. 1-9025) |
4.4* |
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Vista Gold Long-Term Incentive Plan, filed as Exhibit 4.1 to the Company’s Registration Statement on Form S-8, as filed September 12, 2011 and incorporated herein by reference (File No. 333-176792) |
5.1 |
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Opinion of Borden Ladner Gervais LLP |
23.1 |
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Consent of PricewaterhouseCoopers LLP, Denver, independent auditors |
23.2 |
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Consent of SRK Consulting (U.S.), Inc. |
23.3 |
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Consent of Golder Associates, Inc. |
23.4 |
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Consent of Terry Braun |
23.5 |
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Consent of Mine Development Associates Inc. |
23.6 |
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Consent of Tetra Tech Inc. |
23.7 |
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Consent of Rex Bryan |
23.8 |
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Consent of Thomas Dyer |
23.9 |
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Consent of Steven Ristorcelli |
23.10 |
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Consent of Resource Development Inc. |
23.11 |
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Consent of Richard Jolk |
23.12 |
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Consent of Deepak Malhotra |
23.13 |
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Consent of David Kidd |
23.14 |
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Consent of Vicki Scharnhorst |
23.15 |
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Consent of Erick Spiller |
23.16 |
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Consent of Edwin Lips |
23.17 |
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Consent of John Rozelle |
23.18 |
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Consent of Stephen Krajewski |
23.19 |
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Consent of PricewaterhouseCoopers LLP, Vancouver, independent auditors |
23.20 |
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Consent of Deloitte LLP |
23.21 |
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Consent of Borden Ladner Gervais LLP (incorporated in Exhibit 5.1 hereto) |
24.1 |
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Powers of Attorney filed with the signature pages hereto |
* Incorporated by reference herein
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Vista Gold Corp. (the “Company”) of our report dated March 13, 2013 relating to the consolidated financial statements and the effectiveness of internal control over financial reporting, which appears in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2012.
/s/ PricewaterhouseCoopers LLP
Denver, Colorado
October 1, 2013
CONSENT OF RESOURCE DEVELOPMENT INC.
The undersigned hereby states as follows:
We assisted with the preparation of the assisted with the preparation of the “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011 for Vista Gold Corp. (the “Company”) and the “NI 43-101 Technical Report, Resource Update, Mt. Todd Gold Project, Northern Territory, Australia” effective date September 4, 2012, issue date October 4, 2012 (together both reports, the “Technical Reports”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”).
We hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to the Mt. Todd Gold Project included with such information, and the reference to our name as set forth in the Form 10-K.
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RESOURCE DEVELOPMENT INC. |
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By: |
_/s/ Deepak Malhorta |
Name: Deepak Malhorta |
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Title: President |
Date: October 1, 2013
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CONSENT OF RICHARD JOLK
The undersigned, Richard Jolk, hereby states as follows:
I, Richard Jolk, assisted with the preparation of the “NI 43-101 Technical Report, Resource Update, Mt. Todd Gold Project, Northern Territory, Australia” effective date September 4, 2012, issue date October 4, 2012 (the “Technical Report”) for Vista Gold Corp. (the “Company”), portions of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Report, including the reference to Mt. Todd Gold Project included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Richard Jolk |
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Richard Jolk |
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Date: October 1, 2013
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CONSENT OF DEEPAK MALHOTRA
The undersigned, Deepak Malhotra, hereby states as follows:
I, Deepak Malhotra, assisted with the preparation of the “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011 for Vista Gold Corp. (the “Company”) and the “NI 43-101 Technical Report, Resource Update, Mt. Todd Gold Project, Northern Territory, Australia” effective date September 4, 2012, issue date October 4, 2012 (together both reports, the “Technical Reports”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) in which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to the Mt. Todd Gold Project included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Dr. Deepak Malhotra |
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Dr. Deepak Malhotra |
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Date: October 1, 2013
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CONSENT OF DAVID KIDD
The undersigned, David Kidd, hereby states as follows:
I, David Kidd, assisted with the preparation of the “Feasibility Study Update, NI 43-101 Technical Report, Vista Gold Corp., Paredones Amarillos Gold Project, Baja California Sur, Mexico” dated September 1, 2009, (the Paredones Amarillos Gold Project has since been renamed the “Los Cardones Gold Project) (the “Technical Report”) for Vista Gold Corp. (the “Company”), portions of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Report, including the reference to Paredones Amarillos Gold Project (since renamed the Concordia Gold Project) included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ David Kidd |
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David Kidd |
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Date: October 1, 2013
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CONSENT OF VICKI SCHARNHORST
The undersigned, Vicki Scharnhorst, hereby states as follows:
I, Vicki Scharnhorst, assisted with the preparation of the “NI 43-101Technical Report Preliminary Economic Assessment of Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico” effective date February 8, 2013, issue date March 4, 2013 for Vista Gold Corp. (the “Company”) (the “Technical Report”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) in which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”) to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Report, including the reference to the Guadalupe de los Reyes Gold/Silver Project included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Vicki Scharnhorst |
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Vicki Scharnhorst |
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Date: October 1, 2013
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CONSENT OF ERIK SPILLER
The undersigned, Erik Spiller, hereby states as follows:
I, Erick Spiller, assisted with the preparation of the “NI 43-101Technical Report Preliminary Economic Assessment of Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico” effective date February 8, 2013, issue date March 4, 2013 for Vista Gold Corp. (the “Company”), the “NI 43-101Technical Report Resource of Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico” effective date November 5, 2012, issue date November 29, 2012, and the “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011 (together all such reports, the “Technical Reports”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to the Guadalupe de los Reyes Gold/Silver Project and Mt. Todd Gold Project included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Erik Spiller |
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Erik Spiller |
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Date: October 1, 2013
-1-
CONSENT OF EDWIN LIPS
The undersigned, Edwin Lips, hereby states as follows:
I, Edwin Lips, assisted with the preparation of the “NI 43-101Technical Report Preliminary Economic Assessment of Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico” effective date February 8, 2013, issue date March 4, 2013 for Vista Gold Corp. (the “Company”) and the “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011 (together both reports, the “Technical Reports”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) in which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”) to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to the Guadalupe de los Reyes Gold/Silver Project and the Mt. Todd Gold Project included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Edwin Lips |
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Edwin Lips |
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Date: October 1, 2013
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CONSENT OF JOHN ROZELLE
The undersigned, John Rozelle, hereby states as follows:
I, John Rozelle, assisted with the preparation of the “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011 for Vista Gold Corp. (the “Company”) and the “Mt. Todd Gold Project - Updated Preliminary Economic Assessment Report - Northern Territory, Australia” dated June 11, 2009 (together both reports, the “Technical Reports”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) in which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to Mt. Todd Gold Project included with such information, and the reference to my name as set forth in the Form 10-K.
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By: |
/s/ John Rozelle |
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John Rozelle |
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Date: October 1, 2013
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CONSENT OF STEPHEN KRAJEWSKI
The undersigned, Stephen Krajewski, hereby states as follows:
I, Stephen Krajewski, assisted with the preparation of the “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011 for Vista Gold Corp. (the “Company”) (the “Technical Report”) portions of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Report, including the reference to Mt. Todd Gold Project included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Stephen Krajewski |
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Stephen Krajewski |
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Date: October 1, 2013
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Consent of Independent Registered Public Accounting Firm
We hereby consent to the incorporation by reference in this registration statement on form S-8 of Vista Gold Corp. (the “Company”) of our report dated March 14, 2012 relating to the financial statements and effectiveness of internal control over financial reporting, which appears in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.
(signed) PricewaterhouseCoopers LLP
Chartered Accountants
Vancouver, British Columbia
October 1, 2013
CONSENT OF SRK CONSULTING (U.S.) INC.
The undersigned hereby states as follows:
We assisted with the preparation of the “Feasibility Study Update, NI 43-101 Technical Report, Vista Gold Corp., Paredones Amarillos Gold Project, Baja California Sur, Mexico” dated September 1, 2009, (the Paredones Amarillos Gold Project has since been renamed the “Los Cardones Gold Project) (the “Technical Report”) for Vista Gold Corp. (the “Company”), portions of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
We hereby consent to the incorporation be reference in this Registration Statement of the Summary Material concerning the Technical Report, including the reference to Paredones Amarillos Gold Project (since renamed the Concordia Gold Project) included with such information, and the reference to our name as set forth in the Form 10-K.
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SRK CONSULTING (U.S.) INC.
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By: |
/s/ Terry Braun |
Name: |
Terry Braun |
Title: |
President |
Date: October 1, 2013
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INDEPENDENT AUDITOR’S CONSENT
We hereby consent to the incorporation by reference in this Registration Statements on Form S-8 of Vista Gold Corp. (the "Company") of our report dated February 20, 2013 relating to the consolidated financial statements of Midas Gold Corp., which appear in the Company’s Annual Report on Form 10‑K for the fiscal year ended December 31, 2012.
_/s/ Deloitte LLP
Deloitte LLP
Chartered Accountants
Vancouver, Canada
October 1, 2013
CONSENT OF GOLDER ASSOCIATES
The undersigned hereby states as follows:
We assisted with the preparation of the “Feasibility Study Update, NI 43-101 Technical Report, Vista Gold Corp., Paredones Amarillos Gold Project, Baja California Sur, Mexico” dated September 1, 2009, (the Paredones Amarillos Gold Project has since been renamed the “Los Cardones Gold Project) (the “Technical Report”) for Vista Gold Corp. (the “Company”), portions of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
We hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Report, including the reference to Paredones Amarillos Gold Project (since renamed the Concordia Gold Project) included with such information, and the reference to our name as set forth above in the Form 10-K.
GOLDER ASSOCIATES
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By:_/s/ David A. Kidd |
Name: David A. Kidd |
Title: Principal |
Date: October 1, 2013
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CONSENT OF TERRY BRAUN
The undersigned, Terry Braun, hereby states as follows:
I, Terry Braun, assisted with the preparation of the “Feasibility Study Update, NI 43-101 Technical Report, Vista Gold Corp., Paredones Amarillos Gold Project, Baja California Sur, Mexico” dated September 1, 2009, (the Paredones Amarillos Gold Project has since been renamed the “Los Cardones Gold Project) (the “Technical Report”) for Vista Gold Corp. (the “Company”), portions of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”) to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Report, including the reference to Paredones Amarillos Gold Project (since renamed the Concordia Gold Project) included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Terry Braun |
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Terry Braun |
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Date: October 1, 2013
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CONSENT OF MINE DEVELOPMENT ASSOCIATES
The undersigned hereby states as follows:
We assisted with the preparation of the “Feasibility Study Update, NI 43-101 Technical Report, Vista Gold Corp., Paredones Amarillos Gold Project, Baja California Sur, Mexico” dated September 1, 2009, (the Paredones Amarillos Gold Project has since been renamed the “Los Cardones Gold Project) for Vista Gold Corp. (the “Company”), the “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011, and the “NI 43-101 Technical Report, Resource Update, Mt. Todd Gold Project, Northern Territory, Australia” effective date September 4, 2012, issue date October 4, 2012 (together all such reports, the “Technical Reports”), portions of each of which are summarized (the “Summary Material”) in this Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
We hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to Paredones Amarillos Gold Project (since renamed the Concordia Gold Project) and the Mt. Todd Gold Project, included with such information, and the reference to our name as set forth in the Form 10-K.
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MINE DEVELOPMENT ASSOCIATES
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By: |
/s/ Steven Ristorcelli |
Name |
: Steven Ristorcelli |
Title: |
Principal Geologist |
Date: October 1, 2013
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CONSENT OF TETRA TECH INC.
The undersigned hereby states as follows:
We assisted with the preparation of the assisted with the preparation of the NI 43-101Technical Report Preliminary Economic Assessment of Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico” effective date February 8, 2013, issue date March 4, 2013 for Vista Gold Corp. (the “Company”), the “NI 43-101Technical Report Resource of Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico” effective date November 5, 2012, issue date November 29, 2012, the “Mt. Todd Gold Project - Updated Preliminary Economic Assessment Report - Northern Territory, Australia” dated June 11, 2009, the “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011, and the “NI 43-101 Technical Report, Resource Update, Mt. Todd Gold Project, Northern Territory, Australia” effective date September 4, 2012, issue date October 4, 2012, (together all such reports, the “Technical Reports”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8.
We hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to the Guadalupe de los Reyes Gold/Silver Project and the Mt. Todd Gold Project included with such information, and the reference to our name as set forth in the Form 10-K.
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TETRA TECH INC.
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By: |
/s/ Vicki Scharnhorst |
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Name: |
Vicki Scharnhorst |
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Title: |
Principal |
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Date: October 1, 2013
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CONSENT OF REX BRYAN
The undersigned, Rex Bryan, hereby states as follows:
I, Rex Bryan, assisted with the preparation of the “NI 43-101Technical Report Preliminary Economic Assessment of Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico” effective date February 8, 2013, issue date March 4, 2013 for Vista Gold Corp. (the “Company”), the “NI 43-101Technical Report Resource of Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico” effective date November 5, 2012, issue date November 29, 2012, and the “NI 43-101 Technical Report, Resource Update, Mt. Todd Gold Project, Northern Territory, Australia” effective date September 4, 2012, issue date October 4, 2012, (together all such reports, the “Technical Reports”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to the Guadalupe de los Reyes Gold/Silver Project and the Mt. Todd Gold Project included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Dr. Rex Bryan |
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Dr. Rex Bryan |
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Date: October 1, 2013
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CONSENT OF THOMAS DYER
The undersigned, Thomas Dyer, hereby states as follows:
I, Thomas Dyer, assisted with the preparation of the “Feasibility Study Update, NI 43-101 Technical Report, Vista Gold Corp., Paredones Amarillos Gold Project, Baja California Sur, Mexico” dated September 1, 2009, (the Paredones Amarillos Gold Project has since been renamed the “Los Cardones Gold Project) for Vista Gold Corp. (the “Company”), “10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Mt. Todd Gold Project, Northern Territory, Australia” dated January 28, 2011 and the “NI 43-101 Technical Report, Resource Update, Mt. Todd Gold Project, Northern Territory, Australia” effective date September 4, 2012, issue date October 4, 2012, (together all such reports, the “Technical Reports”) portions of each of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”), to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Reports, including the reference to Paredones Amarillos Gold Project (since renamed the Concordia Gold Project) and the Mt. Todd Gold Project included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Thomas Dyer |
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Thomas Dyer |
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Date: October 1, 2013
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CONSENT OF STEVEN RISTORCELLI
The undersigned, Steven Ristorcelli, hereby states as follows:
I, Steven Ristorcelli, assisted with the preparation of the “Feasibility Study Update, NI 43-101 Technical Report, Vista Gold Corp., Paredones Amarillos Gold Project, Baja California Sur, Mexico” dated September 1, 2009, (the Paredones Amarillos Gold Project has since been renamed the “Los Cardones Gold Project) (the “Technical Report”) for Vista Gold Corp. (the “Company”), portions of which are summarized (the “Summary Material”) in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) which in turn is incorporated by reference in this Registration Statement on Form S-8 (this “Registration Statement”) to be filed with the United States Securities and Exchange Commission.
I hereby consent to the incorporation by reference in this Registration Statement of the Summary Material concerning the Technical Report, including the reference to Paredones Amarillos Gold Project (since renamed the Concordia Gold Project) included with such information, and the reference to my name as set forth in the Form 10-K.
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/s/ Steven Ristorcelli |
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Steven Ristorcelli |
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Date: October 1, 2013
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1200 Waterfront Centre 200 Burrard St, P.O. Box 48600 Vancouver, BC, Canada V7X 1T2 T 604.687.5744 F 604.687.1415
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Borden Ladner Gervais |
Suite 5, 7961 Shaffer Parkway
Littleton, Colorado
80127
Dear Sirs/Mesdames:
We have acted as British Columbia counsel to the Company, which we understand has filed with the U.S. Securities and Exchange Commission (the “Commission”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”) a Registration Statement on Form S-8 (the “Registration Statement”), pursuant to which the Company is registering 3,375,524 common shares (the “Shares”) for issuance under the Company’s long term equity incentive plan (the “LTIP”). This opinion is being rendered in connection with the filing of the Registration Statement.
We are advised that the maximum number of common shares that may be reserved for issuance under the Company's Stock Option Plan (the “Plan”) and LTIP is a variable number equal to 10% of the total number of common shares issued and outstanding as of the date of the grant of any options under the Plan and awards under the LTIP on a non-diluted basis.
We have examined originals or photostatic or certified copies of such corporate records, contracts and instruments of the Company or other corporations, of such certificates, permits, licenses or orders of public officials, commissions, boards and governmental bodies and authorities, of such certificates of officers or representatives of the Company or other corporations and of such other records, contracts and instruments and we have made such investigations and searches, all as we believe necessary and relevant to enable us to give, and as the basis for, the opinion set forth herein.
In such examinations, we have assumed the genuineness of all signatures, the legal capacity at all material times of any natural person signing any documents and the authenticity and completeness of all documents submitted to us as original documents, the conformity to original documents of all documents submitted to us as certified, facsimile or photostatic copies thereof and the authenticity of the originals of such
documents; and the completeness and accuracy of the Company's corporate records in our possession as of the date hereof.
We have assumed that copies of all documents submitted to us have been executed in the form reviewed by us, have not been amended or modified, since the date they were submitted to us, by written or oral agreement of the parties thereto, by the conduct of the parties thereto, or otherwise; that all representations and certificates dated prior to or on the date hereof upon which we have relied continue to remain accurate in all material respects as of the date hereof; and that the aforesaid copies have been executed and unconditionally delivered by the Company in the form reviewed by us.
We are solicitors qualified to practice law in British Columbia and we express no opinion as to any laws or any matters governed by any laws, other than the laws of British Columbia and the federal laws of Canada applicable therein.
Based upon and subject to the foregoing, we are of the opinion that the Shares, when issued in accordance with the LTIP, will be validly issued as fully paid and non-assessable common shares in the capital of the Company.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of person whose consent is required under section 7 of the Securities Act or the rules and regulations thereunder.
/s/ Borden Ladner Gervais LLP