Vista is financing for Bootleg project

Vista Mines reports it has filed a preliminary exchange offering prospectus for a public offering of common shares with the Toronto Stock Exchange, and securities commissions in Ontario, Manitoba, Saskatchewan and Alberta.

Underwriter of the issue is Davidson Partners, which tells The Northern Miner size of the issue will be in the one-million-to-1.2- million share range, priced at some discount to market.

Vista says the proceeds will be utilized to refurbish, modify and increase the production capacity of the Bootleg Lake mill gold complex, about five kilometre south of Creighton, Sask., as well as to retire existing debt, and for general corporate purposes, including mill start-up costs.