Vista Gold Corp. Announces Appointment of Interim Chief Financial Officer
19 Mai 2011 - 1:24AM
PR Newswire (Canada)
DENVER, May 18, 2011 /CNW/ -- Vista Gold Corp. (TSX & NYSE Amex
Equities: VGZ) ("Vista" or the "Corporation") announces the
appointment of Ms. Terri Eggert as Interim Chief Financial Officer
of Vista, effective immediately. Ms. Eggert replaces our former
Chief Financial Officer, Mr. Greg Marlier, who is no longer with
the Corporation. Ms. Eggert brings to Vista over 20 years of
experience in public company accounting and she has spent the past
14 years in senior accounting and financial roles with large
Colorado-based public companies. She played an important role in
assisting Vista during the first quarter of 2011 as the Corporation
strengthened its financial reporting disclosure by transitioning to
and adopting United States Generally Accepted Accounting Principles
(US GAAP) in preparing its financial statements. The Corporation's
Board of Directors is in the process of conducting a search for a
candidate to fill the position of Chief Financial Officer on a
permanent basis. Mike Richings, Vista's Executive Chairman and
Chief Executive Officer, said: "On behalf of the Board and the
Corporation, I wish to thank Mr. Marlier for his seven years of
service to Vista. We wish him the very best in all his future
endeavours. During Vista's US GAAP transition period, Ms. Eggert
has demonstrated her public company reporting skills and expertise
in a number of critical financial areas for the Corporation. I am
confident in her ability to serve the Corporation while we search
for a qualified candidate that meets the needs of the Corporation
and our executive management team on a permanent basis." About
Vista Gold Corp. Vista is focused on the development of the Mt.
Todd gold project in Northern Territory, Australia, and the
Concordia gold project in Baja California Sur, Mexico, to achieve
its goal of becoming a gold producer. Vista holds approximately 34%
of the outstanding shares of Midas Gold Corp., a private
exploration company, which has a large exploration property in
Idaho, including the Yellow Pine property previously held by the
Corporation. Vista's other holdings include the Guadalupe de los
Reyes gold-silver project in Mexico, the Awak Mas gold project in
Indonesia, and the Long Valley gold project in California. For more
information about our projects, including technical studies and
mineral resource estimates, please visit our website at
www.vistagold.com. This press release contains forward-looking
statements within the meaning of the U.S. Securities Act of 1933,
as amended, and U.S. Securities Exchange Act of 1934, as amended,
and forward-looking information within the meaning of Canadian
securities laws. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that Vista expects or
anticipates will or may occur in the future, including such things
as, the Interim Chief Financial Officer's ability to serve the
Corporation, and other such matters are forward-looking statements
and forward-looking information. When used in this press release,
the words "optimistic," "potential," "indicate," "expect,"
"intend," "hopes," "believe," "may," "will,", "could", "if,"
"anticipate," and similar expressions are intended to identify
forward-looking statements and forward-looking information. 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
statements. Such factors include, among others, uncertainty of
resource estimates, estimates of results based on such resource
estimates; risks relating to cost increases for capital and
operating costs; risks relating to delays in the completion of the
drilling program, risks related to the adequacy of the design of
the drilling program, risks related to the ability to obtain the
necessary permits, risks of shortages and fluctuating costs of
equipment or supplies; risks relating to fluctuations in the price
of gold; the inherently hazardous nature of mining-related
activities; potential effects on Vista's 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; as
well as those factors discussed under the headings "Note Regarding
Forward-Looking Statements" and "Risk Factors" in Vista's latest
Annual Report on Form 10-K as filed on March 14, 2011 and Quarterly
Report on From 10-Q, as filed on May 10, 2011, and other documents
filed with the U.S. Securities and Exchange Commission and Canadian
securities regulatory authorities. Although Vista has attempted to
identify important factors that could cause actual results to
differ materially from those described in forward-looking
statements and forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Except as required by law, Vista assumes no obligation to
publicly update any forward-looking statements or forward-looking
information; whether as a result of new information, future events
or otherwise. For further information, please contact Connie
Martinez at (720) 981-1185. Web Site: http://www.vistagold.com
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