Business
Vista Gold Corp. Announces Rescheduling of Court Hearing to Approve Arrangement
Vista Gold Corp. Announces Rescheduling of Court Hearing to Approve Arrangement.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n\nDENVER, Nov. 20 /CNW/ -- Vista Gold Corp. (Amex: VGZ; TSX) announced\ntoday its application to the Supreme Court of the Yukon Territory to approve\nthe proposed arrangement which, if completed, will result in Vista\ntransferring its existing Nevada properties into a recently incorporated\ncompany, Allied Nevada Gold Corp., which will concurrently acquire the Nevada\nmineral assets of Carl and Janet Pescio, has been rescheduled from today to\nWednesday, November 29, 2006.\nCompletion of the arrangement remains subject to a number of conditions,\nincluding approval of the Supreme Court of the Yukon Territory. Vista\ncurrently expects the transaction to close in December 2006. Vista will\nprovide further updates on the expected timing of the proposed arrangement in\nthe near future.\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\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. The\nstatements made in this press release about the anticipated impact the\ncontemplated transaction descri...