VISTA GOLD CORP
6-K, 1997-07-01
GOLD AND SILVER ORES
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 6-K

                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                      the Securities Exchange Act of 1934


For the period of  June 30, 1997                 Commission File Number:  1-9025


                                VISTA GOLD CORP.
                              (Name of Registrant)

                                   Suite 3000
                             370 Seventeenth Street
                             Denver, Colorado 80202
                    (Address of Principal Executive Offices)


Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.


                     Form 20-F [X]            Form 40-F [ ]


Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the SEC
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


                     Yes [ ]                  No [X]


If "Yes" is marked, indicate the file number assigned to the registrant in
connection with Rule 12g3-2(b):  Not applicable.



<PAGE>   2


                                   SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                   VISTA GOLD CORP.




Date:  June 30, 1997               By:
                                      ------------------------------------
                                      Karla J. Kimrey
                                      Director of Investor Relations






<PAGE>   3


                                 EXHIBIT INDEX



<TABLE>
<CAPTION>
Exhibit        Description of Exhibit
- -------        ----------------------
<S>            <C>
 99.1          Press release dated June 30, 1997, announcing Atlas Corporation
               is no longer a Vista shareholder.
</TABLE>


<PAGE>   1
                                                                    EXHIBIT 99.1

                ATLAS CORPORATION NO LONGER A VISTA SHAREHOLDER

DENVER, COLORADO, JUNE 30, 1997 -- Vista Gold Corp. announced that Atlas
Corporation is no longer a major shareholder of the Company.  Last week, Atlas
Corporation reported that they had exchanged 8,313,076 common shares of Vista
Gold with the holders of the outstanding exchangeable debentures of Atlas.  The
Vista Gold shares were the remainder of the stock owned by Atlas and were held
by a trustee as security for the Atlas debentures.

As a result of this transaction, Vista Gold's publicly held float should
increase to over 80 million shares, representing 90 percent of the 89 million
shares outstanding.  "So far this year, Vista's stock has traded an average of
147,000 shares  per day,"  said Michael B. Richings, President and CEO of Vista
Gold.  "Now that these shares are no longer restricted, we expect even greater
liquidity in our stock."

Vista Gold Corp. is an international gold mining, development and exploration
company based in Denver, Colorado, with its registered office in Vancouver,
British Columbia.  Its holdings range from the Hycroft mine in Nevada to
development and exploration projects in North and South America including
Ecuador, Bolivia, Venezuela and Peru.

                                      ---

The statements that are not historical are forward looking statements involving
known and unknown risks and uncertainties that could cause actual results to
vary materially from the  targeted results.  Such risks and uncertainties
include those described in the Company's Form 20F as amended.

For further information, please contact Karla J. Kimrey, Director of Investor
Relations, or Michael B. Richings, President and CEO of Vista Gold Corp. at
(303) 629-2450 or (888) 629-2350.




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