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Supplemental Cash Flow Information and Material NonCash Transactions
12 Months Ended
Dec. 31, 2014
Supplemental Cash Flow Information and Material Non Cash Transactions [Abstract]  
Supplemental Cash Flow Information and Material NonCash Transactions

15. Supplemental Cash Flow Information and Material Non-Cash Transactions

 

As of December 31, 2014 and 2013, all of our cash was held in liquid bank deposits and/or treasury bills.

 

There were no significant non-cash transactions for the year ended December 31, 2014.

 

Significant non-cash transactions during the year ended December 31, 2013 included the issuance of 612,180 common shares in connection with the 2013 Facility (Note 8). In addition, during December 2013, we entered into a share purchase agreement (the “Purchase Agreement”) to convert our interest in the Awak Mas gold project into a net smelter return royalty (“Royalty”) on the project.  The Purchase Agreement provides for the termination of the JV Agreement and additional option agreements and the acquisition of 100% of the outstanding shares of Vista Gold (Barbados) Corp, the entity that indirectly holds the Awak Mas gold project. In exchange, (a) Awak Mas Holdings Pty. Ltd. (“AM Holdings”) agreed to forego certain cash payments due to have been paid by Vista as AM Holdings completed the earn-in of its interest in the project and (b) Vista will receive a Royalty of 2% on the first 1.25 million ounces of gold production and 2.5% on the next 1.25 million ounces of gold production from the Awak Mas gold project.

 

Significant non-cash transactions during the year ended December 31, 2012 included the issuance of 166,667 warrants as compensation to the finders that provided services in connection with our July 2012 Offering (Note 9).

 

During the years ended December 31, 2014 and 2013, we paid interest associated with the 2013 Facility of $78 and $551, respectively.  No interest was incurred during 2012.