Edgar Filing: EXPLORATION CAPITAL PARTNERS 2000 LTD PARTNERSHIP

SCHEDULE 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

VISTA GOLD CORP.

(Name of Issuer)

Common Shares without par value

(Title of Class of Securities)

927926 20 4

(CUSIP Number)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

CUSIP No. 927926 20 4

Page 2 of 10


1		Name of Reporting Person S.S. or I.R.S. Identification No. of above person Exploration Capital Partners 2000 Limited Partnership 88-0451737

2.		Check the Appropriate Box if a Member of a Group (a) ¨ (b) x

3.		SEC Use Only

4.		Citizenship or Place of Organization Nevada

NUMBER OF

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5. Sole Voting Power

6. Shared Voting Power

1,846,714

7. Sole Dispositive Power

8. Shared Dispositive Power

1,846,714

9.		Aggregate Amount Beneficially Owned by Each Reporting Person 1,846,714

10.		Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares ¨

11.		Percent of Class Represented by Amount in Row (9) 12.4%

12.		Type of Reporting Person PN

CUSIP No. 927926 20 4

Page 3 of 10


1.		Name of Reporting Person S.S. or I.R.S. Identification No. of above person Resource Capital Investment Corporation 88-0384205

2.		Check the Appropriate Box if a Member of a Group (a) ¨ (b) x

3.		SEC Use Only

4.		Citizenship or Place of Organization Nevada

NUMBER OF

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5. Sole Voting Power

6. Shared Voting Power

1,846,714

7. Sole Dispositive Power

8. Shared Dispositive Power

1,846,714

9.		Aggregate Amount Beneficially Owned by Each Reporting Person 1,846,714

10.		Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares ¨

11.		Percent of Class Represented by Amount in Row (9) 12.4%

12.		Type of Reporting Person CO

CUSIP No. 927926 20 4

Page 4 of 10


1.		Name of Reporting Person S.S. or I.R.S. Identification No of above person Rule Family Trust udt 12/17/98 Not Applicable

2.		Check the Appropriate Box if a Member of a Group (a) ¨ (b) x

3.		SEC Use Only

4.		Citizenship or Place of Organization California

NUMBER OF

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5. Sole Voting Power

6. Shared Voting Power

2,095,288

7. Sole Dispositive Power

8. Shared Dispositive Power

2,095,288

9.		Aggregate Amount Beneficially Owned by Each Reporting Person 2,095,288

10.		Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares ¨

11.		Percent of Class Represented by Amount in Row (9) 13.8%

12.		Type of Reporting Person OO

CUSIP No. 927926 20 4

Page 5 of 10


1.		Name of Reporting Person S.S. or I.R.S. Identification No. of above person Arthur Richards Rule Not Applicable

2.		Check the Appropriate Box if a Member of a Group (a) ¨ (b) x

3.		SEC Use Only

4.		Citizenship or Place of Organization California

NUMBER OF

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5. Sole Voting Power

6. Shared Voting Power

2,095,288

7. Sole Dispositive Power

8. Shared Dispositive Power

2,095,288

9.		Aggregate Amount Beneficially Owned by Each Reporting Person 2,095,288

10.		Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares ¨

11.		Percent of Class Represented by Amount in Row (9) 13.8%

12.		Type of Reporting Person IN

CUSIP No. 927926 20 4

Page 6 of 10

Item 1(a).	Name of Issuer: Vista Gold Corp.

Item 1(b).	Address of Issuer’s Principal Executive Offices:

	7961 Shaffer Parkway, Suite 5 Littleton, CO 80127

Item 2	(a). – (c). Name, Principal Business Address and Citizenship of Persons Filing:

(1)	Exploration Capital Partners 2000 Limited Partnership (“Exploration Capital”) 7770 El Camino Real Carlsbad, California 92009 Citizenship: Nevada

(2)	Resource Capital Investment Corporation (“Resource Capital”) 7770 El Camino Real Carlsbad, California 92009 Citizenship: Nevada

(3)	Rule Family Trust udt 12/17/98 (the “Trust”) 7770 El Camino Real Carlsbad, California 92009 Citizenship: California

(4)	Arthur Richards Rule (“Mr. Rule”) 7770 El Camino Real Carlsbad, California 92009 Citizenship: California

Item 2(d).	Title of Class of Securities:

	Common Shares without par value

Item 2(e).	CUSIP Number: 927926 20 4

Item 3.	If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

	(a)	¨	Broker or dealer registered under Section 15 of the Exchange Act.

	(b)	¨	Bank as defined in Section 3(a)(6) of the Exchange Act.

	(c)	¨	Insurance company as defined in Section 3(a)(19) of the Exchange Act.

	(d)	¨	Investment company registered under Section 8 of the Investment Company Act.

	(e)	¨	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

	(f)	¨	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

	(g)	¨	A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G).

	(h)	¨	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

	(i)	¨	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.

	(j)	¨	Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

			Not Applicable

CUSIP No. 927926 20 4

Page 7 of 10

		Item 4.		Ownership.

				The information in items 1 and 5 through 11 on the cover pages (pp. 2-5) on Schedule 13G is hereby incorporated by reference.

				This Statement is filed by (i) Exploration Capital, as the direct beneficial owner of 1,846,714 Common Shares (including 1,122,807 immediately exercisable share purchase warrants) of the Issuer; (ii) by virtue of its position as General Partner of Exploration Capital, by Resource Capital; (iii) by virtue of its indirect ownership and control of (A) Exploration Capital (as owner of 90% of Resource Capital) and (B) Global Resource Investments Ltd. (“Global Resource”), a direct beneficial owner of Common Shares, as set forth below, by the Trust; and (iv) by virtue of his positions with Resource Capital and ownership interest in the Trust, as described in the following sentence, by Mr. Rule. Mr. Rule is President and a Director of Resource Capital and, with his wife, is co-Trustee of the Trust, which owns 90% of Resource Capital.

				Global Resource, which is not a Reporting Person, is the direct beneficial owner of 248,574 Common Shares (all of which are immediately exercisable share purchase warrants), aggregating less than 2% of the Issuer’s outstanding Common Shares. The corporate General Partner of Global Resource is Rule Investments, Inc. (“Rule Investments”). The Trust owns 100% of Rule Investments.

				No ownership change is being reported from the Schedules 13D (as amended) filed on October 23, 2003, by (i) Exploration Capital and Resource Capital and (ii) Mr. Rule and the Trust.

		Item 5.		Ownership of Five Percent or Less of a Class.

				Not Applicable

		Item 6.		Ownership of More than Five Percent on Behalf of Another Person.

				Not Applicable

		Item 7.		Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

				Not Applicable

		Item 8.		Identification and Classification of Members of the Group.

				Not Applicable

		Item 9.		Notice of Dissolution of Group.

				Not Applicable

		Item 10.		Certification.

				By signing below, each of the undersigned certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP No. 927926 20 4

Page 8 of 10

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: November 20, 2003	Exploration Capital Partners 2000 Limited Partnership

	By:	Resource Capital Investment Corporation, its general partner

	By:	/s/ Keith Presnell
		Keith Presnell, Chief Financial Officer

Date: November 20, 2003	Resource Capital Investment Corporation

	By:	/s/ Keith Presnell
		Keith Presnell, Chief Financial Officer

Date: November 20, 2003	Rule Family Trust udt 12/17/98

	By:	/s/ Keith Presnell
		Keith Presnell, Attorney-in-Fact for Arthur Richards Rule, Trustee

Date: November 20, 2003	Arthur Richards Rule, individually

	By:	/s/ Keith Presnell
		Keith Presnell, Attorney-in-Fact

EXHIBIT 1

AGREEMENT TO FILE JOINTLY

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of Common Shares of Vista Gold Corp. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original.

Date: November 20, 2003	Exploration Capital Partners 2000 Limited Partnership

	By:	Resource Capital Investment Corporation, its general partner

	By:	/s/ Keith Presnell
		Keith Presnell, Chief Financial Officer

Date: November 20, 2003	Resource Capital Investment Corporation

	By:	/s/ Keith Presnell
		Keith Presnell, Chief Financial Officer

Date: November 20, 2003	Rule Family Trust udt 12/17/98

	By:	/s/ Keith Presnell
		Keith Presnell, Attorney-in-Fact for Arthur Richards Rule, Trustee

Date: November 20, 2003	Arthur Richards Rule, individually

	By:	/s/ Keith Presnell
		Keith Presnell, Attorney-in-Fact

EXHIBIT 2

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby constitutes and appoints KEITH PRESNELL his true and lawful attorney-in-fact and agent with full power to sign for the undersigned and in the name, place and stead of the undersigned, in any and all capacities, any report required to be filed with the Securities and Exchange Commission pursuant to either Section 13 or 16 of the Securities Exchange Act of 1934 and any successor or alternate provisions thereto (the “Exchange Act”) of securities of all entities in which the undersigned may, from time to time, have direct or indirect ownership interests (the “Entities”), on, without limitation, Schedule 13D, Schedule 13G, Form 3, Form 4, Form 5 or any other such schedules or forms as may be designated by the Securities and Exchange Commission for such purpose, and any and all amendments thereto and any and all exhibits and other documents necessary or incidental in connection therewith, and to file the same with the Securities and Exchange Commission, hereby granting to said attorney-in-fact and agent full power of substitution and revocation in the premises, and generally to do and perform each and every act and thing which said attorney-in-fact may deem necessary or advisable to facilitate compliance with the provisions of said sections of the Exchange Act, and all regulations of the Securities and Exchange Commission thereunder, as fully and to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or any substitute or substitutes for him, may do or cause to be done by virtue of these presents.

IN WITNESS WHEREOF, the undersigned have hereunto executed this Power of Attorney this 8th day of October, 2002.

/s/ Arthur Richards Rule

Arthur Richards Rule

RULE FAMILY TRUST U/D/T 12/17/98

By:		/s/ Arthur Richards Rule

		Arthur Richards Rule, as trustee