Business
Vista Announces Final Court Approval of Proposed Arrangement
Vista Announces Final Court Approval of Proposed Arrangement.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n\nDENVER, Nov. 29 /CNW/ -- Vista Gold Corp. (Amex: VGZ; TSX) (\"Vista\")\nannounced today that the Supreme Court of the Yukon Territory has granted its\nfinal order approving the plan of arrangement that, if completed, will result\nin Vista transferring its existing Nevada properties into a recently\nincorporated company, Allied Nevada Gold Corp. (\"Allied Nevada\"), which will\nconcurrently acquire the Nevada mineral assets of Carl and Janet Pescio. The\nclosing of the transaction is subject to the satisfaction or waiver of a\nnumber of conditions customary in a transaction of this nature. The\narrangement is expected to close in December 2006.\nVista, based in Littleton, Colorado, evaluates and acquires gold projects\nwith defined gold resources. Additional exploration and technical studies are\nundertaken to maximize the value of the projects for eventual development.\nVista's holdings include the Maverick Springs, Mountain View, Hasbrouck, Three\nHills, Wildcat projects, the F.W. Lewis, Inc. properties and the Hycroft mine,\nall in Nevada, the Long Valley project in California, the Yellow Pine project\nin Idaho, the Paredones Amarillos and Guadalupe de los Reyes projects in\nMexico, the Amayapampa project in Bolivia, the Awak Mas project in Indonesia,\nand the Mt. Todd project in Australia.\n\n>\nThis press release contains forward-looking statements within the meaning\nof the U.S. Securities Act of 1933 and U.S. Securities Exchange Act of 1934.\nAll statements, other than statements of historical facts, included in this\npress release that address activities, events or developments that Vista\nexpects or anticipates will or may occur in the future, including such things\nas future business strategy, competitive strengths, goals, expansion and\ngrowth of Vista's or Allied Nevada's businesses, operations, plans and other\nsuch matters are forward-looking statements. When used in this press release,\nthe words \"estimate,\" \"plan,\" \"anticipate,\" \"expect,\" \"intend,\" \"believe\" and\nsimilar expressions are intended to identify forward-looking statements. These\nstatements involve known and unknown risks, uncertainties and other factors\nwhich may cause the actual results, performance or achievements of Vista and\nAllied Nevada, including anticipated consequences of the contemplated\ntransaction described herein,...