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VISTA GOLD CORP Director's Dealing 2012

Jul 31, 2012

33824_dirs_2012-07-31_8105fd50-6e74-4e12-b4c2-89a2cb6bba29.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: VISTA GOLD CORP (VGZ)
CIK: 0000783324
Period of Report: 2012-07-27

Reporting Person: SUN VALLEY GOLD MASTER FUND, LTD (10% Owner)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 6850584 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Common Stock Warrants $3.60 2014-07-27 Common Stock (753333) Direct
Common Stock Warrants $ 2015-10-22 Common Stock (1673913) Direct

Footnotes

F1: A portion of the reported securities are included within 1,506,666 VGZ Units purchased by the reporting person for $3.00 per Unit. Each Unit consists of one share of common stock and a half warrant for a total of 1,506,666 shares and 753,333 warrants to purchase 753,333 shares.

F2: The Common Stock Warrants are exercisable at any time on or before the expiration date.

F3: The Common Stock Warrants are exercisable at the following prices: $4.00 from 10/23/11 to 10/22/12; $4.50 from 10/23/12 to 10/22/13; and $5.00 from 10/23/13 to 10/22/15.