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OMB Number: 3235-0287
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Rule Arthur Richards
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(Last) (First) (Middle)
c/o Global Resource Investments Ltd.
7770 El Camino Real
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(Street)
Carlsbad CA 92009
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Vista Gold Corp. (VGZ)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
N/A
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4. Statement for Month/Day/Year
January 24, 2003
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5. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
____________________________________________________________________
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable line)
|_| Form Filed by One Reporting Person
|X| Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Trans- Execution Code ------------------------------- Reported (D) or Indirect
1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4)
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Common Shares 1/24/03 X 12,476 A $1.50
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Common Shares 1/24/03 J(1) 12,476 D
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Common Shares 1/27/03 X 8,000 A $1.50
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Common Shares 1/27/03 J(1) 8,000 D 70,000 I *
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930,007 I **
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(1) Represents distributions of Common Shares to persons unaffiliated with
either of the Reporting Persons.
* By Rule Investments, Inc.
** By Exploration Capital Partners 2000 Limited Partnership
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
Persons who respond to the collection of information contained in this
form are not required to respond unless the form displays a currently
valid OMB control number
Page 1 of 3 pages
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or Derivative 6. of Underlying 8. ficially Secur- of
Exer- 3A. 4. Securities Date Securities Price Owned ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Warrants
(right Common
to buy) $1.50 1/24/03 X 12,476 Immed. 3/18/07 Shares 12,476 203,820 I ***
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Warrants
(right Common
to buy) $1.50 1/27/03 X 8,000 Immed. 2/1/07 Shares 8,000 72,000 I ***
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Explanation of Responses:
*** By Global Resource Investments Ltd.
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
Arthur Richards Rule
By: /s/ Keith Presnell January 27, 2003
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Keith Presnell, Attorney-in-Fact Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Page 2 of 3 pages
Joint Filer Information
Name: Rule Family Trust u/d/t 12/17/98
Address: c/o Global Resource Investments Ltd.
7770 El Camino Real
Carlsbad, CA 92009
Designated Filer: Arthur Richards Rule
Issuer and Ticker
Symbol: Vista Gold Corp. (VGZ)
Date of Event
Requiring Statement: 1/24/03
Signature: Rule Family Trust u/d/t 12/17/98
By: /s/ Keith Presnell
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Keith Presnell, Attorney-in-Fact for
Arthur Richards Rule, Trustee
Additional Explanation of Responses:
Rule Family Trust is a revocable trust established by the Reporting Person.
Page 3 of 3