Business
Vista Announces Loan Agreement With Luzon Minerals Ltd.
Vista Announces Loan Agreement With Luzon Minerals Ltd..
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\nDENVER, Dec. 22 /CNW/ -- Vista Gold Corp. (Amex: VGZ; Toronto) (\"Vista\")\nannounced today that, subject to a number of conditions, it has agreed to loan\nup to U.S.$200,000 by way of a 90 day term loan to Luzon Minerals Ltd. (CDNX:\nLZN) (\"Luzon\") for Luzon to pay down debts already incurred and ongoing\nexpenses in connection with the Amayapampa Project and Luzon's Lipichi project\nboth located in Bolivia. In addition, Vista recently entered into a letter of\nunderstanding with Luzon and Republic Gold Limited (Luzon's strategic partner)\nto reconstitute the affairs of Luzon to ensure that Luzon's strategic\ndevelopment is advanced in the best interest of its shareholders. As part of\nLuzon's reconstitution, Michael Richings, the President and Chief Executive\nOfficer of Vista, has agreed to be appointed as a director of Luzon. As\npreviously announced, Vista entered into an agreement with Luzon pursuant to\nwhich Vista agreed to sell its interest in the Amayapampa Project to Luzon.\n\n\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, operations, plans\nand other such matters are forward-looking statements. When used in this\npress release, the words \"estimate\", \"plan\", \"anticipate\", \"expect\", \"intend\",\n\"believe\" and similar expressions are intended to identify for...