Vista Gold Corp - Current report filing (8-K)
23 Mai 2008 - 6:49PM
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):
May 21,
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 7.01
Regulation FD Disclosure.
On
May 21, 2008, Vista
Gold Corp. issued a press release furnished herewith as Exhibit 99.1.
Item 8.01
Other Events.
On
May 21, 2008, Vista Gold Corp. (Vista or the Company) issued a press
release in which it reported on the status of the Change of Land Use Permit for
the Paredones Amarillos Project in Baja California Sur (BCS), Mexico (as
described in Vistas press releases dated April 30 and May 8,
2008). During the past week, Vista has
held a number of meetings with staff from the National Office for the
Coordination of Mines in the Department of Economy, Environmental and Natural
Resource Service (SEMARNAT) and the National Commission for Natural Protected
Areas (CONANP), the Governor of BCS, and various state officials. Based on discussions with government staff
and officials at these meetings and advice from Vistas advisors, management is
confident that the outstanding issues relating to the status of the Change of
Land Use Permit will be resolved favorably over the next few months. Assuming favorable results from the
definitive feasibility study and completion of project financing, construction
of the Paredones Amarillos Project is currently planned to start before the end
of 2008, with first gold production planned to commence before the end of 2009.
Vista reported that in these meetings the Secretary of
SEMARNAT indicated that he supported the earlier opinion issued by the BCS
office of SEMARNAT that the Change of Land Use Permit issued in 1997 had
expired. However, the Secretary also
indicated that he recognized the importance of the Project and would commit his
department to promptly process an application for a new Change of Land Use
Permit. The application requires a number of prerequisite steps which Vista is
undertaking with the cooperation of the National Office for the Coordination of
Mines, and the payment of a fee (based on the size of the area affected by the
Project) which Vista intends to make.
Vistas legal counsel in Mexico remains of the view that the original
permit is valid and has advised Vista to proceed with a judicial appeal of the
opinion issued by the BCS office of SEMARNAT to preserve certain legal rights,
but has also recommended that a new application is likely to be the most
expeditious way to obtain the necessary approvals
.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit 99.1
Press Release
of Vista Gold Corp. dated May 21, 2008
This filing contains forward-looking statements within the meaning of
the U.S. Securities Act of 1933 and U.S. Securities Exchange Act of 1934 and
forward-looking information within the meaning of Canadian securities laws.
All
statements, other than statements of historical facts, included in this filing
that address activities, events or developments that Vista expects or
anticipates will or may occur in the future, including such things as timing,
receipt and status of required land use, environmental and other permits for
the Paredones Amarillos Project and anticipated timing for starting and
completion of drilling and testing programs at the Paredones Amarillos Project;
plans to confirm the validity of the Change of Land Use Permit for the
Paredones Amarillos
2
Project and timing for
confirmation of the status of this permit; progress, scheduling and the
performance and results of feasibility studies including the ongoing bankable
feasibility study for the Paredones Amarillos Project; potential funding
requirements and sources of capital; anticipated timing of commencement of
construction and commencement of production at the Paredones Amarillos Project;
Vistas future business strategy, competitive strengths, goals, operations,
plans, potential project development, future share price and valuation, future
gold prices, Vistas potential status as a producer, and other such matters are
forward-looking statements. When used in
this press release, the words estimate, plan, anticipate, expect, intend,
believe and similar expressions are intended to identify forward-looking
statements. These statements involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Vista to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such
factors include, among others, risks relating to delays and incurrence of
additional costs in connection with the feasibility study underway at our
Paredones Amarillos Project including uncertainty relating to timing and
receipt for required governmental permits; uncertainty relating to timing and
receipt for confirmation of the validity of the Change of Land Use Permit for
the Paredones Amarillos Project; uncertainty of feasibility study results and
preliminary assessments and of estimates on which such results are based; risks
relating to delays in commencement and completion of construction at the
Paredones Amarillos Project; risks of significant cost increases; risks of
shortages of equipment or supplies; risks that Vistas acquisition, exploration
and property advancement efforts will not be successful; risks relating to
fluctuations in the price of gold; the inherently hazardous nature of
mining-related activities; uncertainties concerning reserve and resource
estimates; potential effects on Vistas operations of environmental regulations
in the countries in which it operates; risks due to legal proceedings; risks
relating to political and economic instability in certain countries in which it
operates; uncertainty of being able to raise capital on favorable terms or at
all; and external risks relating to the economy and credit markets in general;
as well as those factors discussed in Vistas latest Annual Report on Form 10-K,
Quarterly Report on Form 10-Q and other documents filed with the U.S.
Securities and Exchange Commission and Canadian securities commissions. Although Vista has attempted to identify
important factors that could cause actual results to differ materially from
those described in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Except as required by law, Vista assumes no
obligation to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise.
3
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: May 22, 2008
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