Business
Vista Gold Announces Expected Closing Date for Completion of Arrangement
Vista Gold Announces Expected Closing Date for Completion of Arrangement.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\nDENVER, April 30 /CNW/ -- Vista Gold Corp. (Amex: VGZ; TSX) ("Vista")\nannounced today that the U.S. Securities and Exchange Commission has completed\nthe review process with respect to the registration of Allied Nevada Gold\nCorp. common stock ("Allied Nevada Shares") under the U.S. Securities Exchange\nAct of 1934. The previously announced arrangement involving Vista, Allied\nNevada Gold Corp. ("Allied Nevada"), and Carl and Janet Pescio, is expected to\nclose on May 10, 2007. All shareholders of Vista on the closing date of the\narrangement will participate in the arrangement. If you are a shareholder and\nyou have not reviewed the management information and proxy circular of Vista\ndated October 11, 2006 (the "Circular"), which provides detailed information\non the arrangement, including information of certain tax consequences of the\narrangement, you should download a copy of the Circular from SEDAR at\nwww.sedar.com.\n\n\nLetters of Transmittal were mailed to registered shareholders of Vista on\nOctober 20, 2006. If you are a registered shareholder and have not received a\nLetter of Transmittal, contact the Depositary, Computershare Investor Services\nInc., at 1 (800) 564-6253 or download a copy from SEDAR at www.sedar.com. If\nyou hold your shares through a broker or intermediary, you should carefully\nfollow the instructions of such broker or intermediary in order to submit your\nshares. Completed Letters of Transmittal, along with certificates\nrepresenting your shares, must be submitted in accordance with the Letters of\nTransmittal to receive certificates representing new shares of Vista and\nAllied Nevada Shares and a check for any cash payment to which the registered\nshareholder is entitled to under the arrangement, all subject to applicable\nwithholding taxes.\n\n\nVista will issue a press release prior to the closing of the arrangement\nthat will disclose the number of Allied Nevada Shares that will be distributed\nby Vista to shareholders of Vista as part of the arrangement. The number of\nAllied Nevada Shares to be distributed by Vista will be a pro rata portion of\n(a) the number of Allied Nevada Shares received by Vista as part of the\narrangement less (b) the number of Allied Nevada Shares retained by Vista to\nfacilitate the payment of any taxes payable by Vis...