4 1 d02-52120_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* Exploration Capital Partners 2000 Limited Partnership -------------------------------------------------------------------------------- (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) 88-0384205 ================================================================================ 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 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

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- D ----------------------------------------------------------------------------------------------------------------------------------- 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 D ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ===================================================================================================================================

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 the Reporting Person 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. Exploration Capital Partners 2000 Limited Partnership By: Resource Capital Investment Corp. General Partner By: /s/ Arthur Richards Rule October 3, 2002 ------------------------------------------ --------------- Arthur Richards Rule, President Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. 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 provided is insufficient, see Instruction 6 for procedure. Page 2 of 3 pages Joint Filer Information Name: Resource Capital Investment Corp. Address: c/o Global Resource Investments Ltd. 7770 El Camino Real Carlsbad, CA 92009 Designated Filer: Exploration Capital Partners 2000 Limited Partnership Issuer and Ticker Symbol: Vista Gold Corp. (VGZ) Date of Event Requiring Statement: 9/19/02 Signature: Resource Capital Investment Corp. By: /s/ Arthur Richards Rule ------------------------------------- Arthur Richards Rule, President Additional Explanation of Responses: Resource Capital Investment Corp. is the general partner of the Reporting Person. Page 3 of 3 pages