Vista Gold Corp - Current report filing (8-K)
10 Januar 2008 - 8:50PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported):
January 2,
2008
VISTA GOLD CORP.
(Exact name of registrant as specified in its charter)
Yukon Territory, Canada
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1-9025
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Not Applicable
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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7961 Shaffer Parkway, Suite 5, Littleton,
CO
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80127
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area
code:
(720)
981-1185
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive
Agreement.
On January 2,
2008, Vista Gold Corp. (Vista) announced that it had reached an agreement in
principle on that date with A.M. King Industries, Inc. (A.M. King)
and Del Norte Company Ltd. (Del Norte), a wholly owned subsidiary of A.M.
King, to purchase gold processing equipment to be used at Vistas Paredones
Amarillos gold project in Baja California Sur, Mexico. As reported in Vistas press release issued
on January 7, 2008, the parties subsequently entered into a formal
agreement with respect to the foregoing equipment purchase. The date of the agreement is January 4,
2008. Vista is making this equipment
purchase through its wholly owned subsidiary, Minera Paredones Amarillos, S.A.
de C.V., which is a party to the equipment purchase agreement along with Vista, A.M.
King and Del Norte. There is no material
relationship between Vista or its affiliates and any of the other parties. The equipment includes a 10,000 tonne per day
semi-autogenous (SAG) grinding mill, two ball mills, a gyratory crusher and a
shorthead cone crusher, along with other related components, spare parts, and
other process plant equipment. The purchase price of US$16,010,000 will be
payable in three installments - the first payment of 50% of the purchase price
(US$8,005,000) was paid on signing of the purchase agreement on January 4,
2008 and the second and third payments (25%, or US$4,002,500 each) are payable
based on an equipment delivery schedule with respective parameters targeted to
occur in February and March, 2008. The purchase price includes the cost of
relocating the equipment to Edmonton, Alberta, Canada. From this point, Vista
will arrange for reconditioning and transportation of the equipment to the
Paredones Amarillos mine site. The equipment is presently located in northern
Canada.
Item 7.01 Regulation FD Disclosure.
On
January 2,
2008, Vista Gold Corp. issued a press release furnished herewith as Exhibit 99.1.
On January 7, 2008, Vista Gold Corp.
issued a press release furnished herewith as Exhibit 99.2.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
Exhibit 10.1
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Asset Sale Agreement dated January 4, 2008, among Vista Gold
Corp., Minera Paredones Amarillos, S.A. de C.V., Del Norte Company,
Ltd. and A.M. KingIndustries, Inc.
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Exhibit 99.1
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Press Release of Vista Gold Corp. dated January 2, 2008
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Exhibit 99.2
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Press Release of Vista Gold Corp. dated January 7, 2008
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2
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
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VISTA GOLD
CORP.
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By:
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/s/ Gregory
G. Marlier
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Gregory G. Marlier
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Chief Financial Officer
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Date:
January 10, 2008
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