4 1 d02-52121_f4.txt FORM 4 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(f) 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). ================================================================================ 1. Name and Address of Reporting Person* Rule Arthur Richards -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Global Resource Investments Ltd. 7770 El Camino Real -------------------------------------------------------------------------------- (Street) Carlsbad CA 92009 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol Vista Gold Corp. (VGZ) ================================================================================ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) N/A ================================================================================ 4. Statement for Month/Day/Year September 19, 2002 ================================================================================ 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 ================================================================================ * If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

5. 6. 4. Amount of Owner- Securities Acquired (A) or Securities ship 3. Disposed of (D) Beneficially Form: 7. Transaction (Instr. 3, 4 and 5) Owned Follow- Direct Nature of 2. Code ---------------------------- ing Reported (D) or Indirect 1. Transaction (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Shares 9/19/02(1) C 1,122,807 A (1) 1,122,807 I * ------------------------------------------------------------------------------------------------------------------------------------ 296,296 I ** ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

* By Exploration Capital Partners 2000 Limited Partnership ("Exploration Capital") ** By Global Resource Investments Ltd. ("Global Resource") Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 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) ================================================================================

9. Number of 10. deriv- Owner- ative ship 2. Secur- Form 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- 4. Securities Date Securities Price Owned ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ----------------------------------------------------------------------------------------------------------------------------------- Common Debentures $1.026(1) 9/19/02(1) C (1) Immed. 3/18/07 Shares 2,245,614 -0- I * ----------------------------------------------------------------------------------------------------------------------------------- Warrants Common (right to buy) $1.50 9/19/02(1) C (1) Immed. 3/18/07 Shares 1,122,807 (1) 1,122,807 I * ----------------------------------------------------------------------------------------------------------------------------------- Warrants Common (right to buy) $1.50 Immed. 3/18/07 Shares 216,296 I ** ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ===================================================================================================================================

* By Exploration Capital ** By Global Resource Explanation of Responses: (1) On September 19, 2002, the SEC declared effective a registration statement covering resale by selling security holders of Issuer common shares. The shares covered include shares issuable upon conversion of debentures and exercise of warrants (including warrants to be issued upon conversion of debentures). As a consequence, the $1,152,000 principal amount of convertible debentures held by Exploration Capital were automatically converted, pursuant to their terms, into 1,122,807 debenture units at a price of $1.026 per debenture unit. Each debenture unit consists of one common share and one 5-year warrant entitling the holder to purchase one common share at a price of $1.50. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Arthur Richards Rule October 3, 2002 --------------------------------------------- ----------------------- Arthur Richards Rule Date Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. 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: 9/19/02 Signature: Rule Family Trust u/d/t 12/17/98 By: /s/ Arthur Richards Rule ------------------------------------- Arthur Richards Rule, Trustee Additional Explanation of Responses: Rule Family Trust is a revocable trust established by the Reporting Person. Page 3 of 3 pages