Vista Gold Corp. Announces Addition of New Independent Director to its Board of Directors
04 August 2011 - 1:46AM
PR Newswire (Canada)
DENVER, Aug. 3, 2011 /CNW/ -- Vista Gold Corp. (TSX & AMEX:
VGZ) ("Vista" or the "Corporation") is pleased to announce that its
Board of Directors has approved the appointment of Nicole
Adshead-Bell to the Board. Dr. Adshead-Bell has a successful career
in capital markets, most recently as Managing Director, Investment
Banking, Haywood Securities Inc. She also worked as a mining
analyst with Dundee Securities Corporation and Sun Valley Gold LLC.
Earlier in her career she was responsible for various exploration
projects and was an independent consultant in the fields of
structural and economic geology. She has Ph.D., Honours and B.Sc.
degrees in Geology from James Cook University, Queensland,
Australia. Mike Richings, Executive Chairman and CEO said; "We are
very pleased to have Nicole join our Board. We believe her strong
background in geology and her extensive financial sector experience
will allow her to make a significant contribution to the Board and
the Corporation, particularly as we continue to advance our large
Mt. Todd gold project in the Northern Territory in Australia."
About Vista Gold Corp. During the period 2002-2006, Vista
strategically acquired a number of gold properties containing well
understood and defined mineral resources. In 2007, Vista completed
a transaction, in which Vista contributed its Nevada gold mining
interests to Allied Nevada Gold Corp. ("ANV") (a company formed by
Vista). Following the formation of ANV, Vista made a substantial
return to its shareholders in the form of common shares of ANV
which were distributed to the shareholders of record at the time of
the transaction. Since that time, Vista has been focused on adding
value to its remaining properties through transactions and
advancing the Mt. Todd gold project in Northern Territory,
Australia, and the Concordia gold project in Baja California Sur,
Mexico, toward production decisions. Recently, Vista added
substantially to its balance sheet through its investment in Midas
Gold Corp. ("Midas"). In April 2011, Vista participated in a
transaction that combined Vista's holdings in Idaho with that of
Midas Gold, Inc. to form Midas. 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. 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 director's ability to make a significant contribution to
the board of directors, the advancement of the Mt. Todd and
Concordia gold projects towards production decisions, Vista's
continuing efforts to add value to its properties, 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 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, or visit the Vista Gold Corp. website
at www.vistagold.com Web Site: http://www.vistagold.com
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