Business
Vista Announces Status of Proposed Arrangement
Vista Announces Status of Proposed Arrangement.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\nDENVER, Dec. 22 /CNW/ -- Vista Gold Corp. (Amex: VGZ; TSX) (\"Vista\")\nannounced today that the closing of the proposed arrangement is now expected\nto occur in the first quarter of 2007. As previously announced, the Supreme\nCourt of the Yukon Territory granted its final order approving the plan of\narrangement that, if completed, will result in Vista transferring its existing\nNevada properties into a recently incorporated company, Allied Nevada Gold\nCorp. (\"Allied Nevada\"), which will concurrently acquire the Nevada mineral\nassets of Carl and Janet Pescio. The closing of the transaction is subject to\nthe satisfaction or waiver of a number of conditions customary in a\ntransaction of this nature. Among the conditions is the registration of\nAllied Nevada's common stock under the U.S. Securities Exchange Act of 1934. \nTo this end, Allied Nevada filed a registration statement on Form 10 with the\nU.S. Securities and Exchange Commission and is currently responding to the\nCommission's comments on the Form 10 registration statement. The registration\nwill not be complete until the comment process has concluded, which Vista\ncurrently anticipates will occur during the first quarter of 2007, with the\ntransaction expected to close shortly thereafter.\n\n\nAbout Vista Gold Corp.\n\n\nVista Gold Corp., based in Littleton, Colorado, evaluates and acquires\ngold projects with defined gold resources. Additional exploration and\ntechnical studies are undertaken to maximize the value of the projects for\neventual development. The Company's holdings include the Maverick Springs,\nMountain View, Hasbrouck, Three Hills, Wildcat projects, the F.W. Lewis, Inc.\nproperties and the Hycroft mine, all in Nevada, the Long Valley project in\nCalifornia, the Yellow Pine project in Idaho, the Paredones Amarillos and\nGuadalupe de los Reyes projects in Mexico, the Mt. Todd project in Australia,\nthe Amayapampa project in Bolivia and the Awak Mas project in Indonesia.\n\n\nForward-Looking Statements\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 oc...