Vista Gold Corp. Appoints VP Corporate Development
09 Juli 2012 - 3:01PM
PR Newswire (Canada)
DENVER, July 9, 2012 /CNW/ - Vista Gold Corp. ("Vista" or the
"Company") today announced the appointment of Seth L. Foreman as
Vista's Vice President Corporate Development. Mr. Foreman will
report to Vista's Chief Financial Officer, Jack Engele, and will
focus on corporate strategic planning, evaluation of new business
opportunities, and the Company's efforts to secure project
financing for the Mt. Todd gold project in Australia. Given Mr.
Foreman's strong background in investor relations for both junior
and major mining companies, he will also play an important role in
Vista's efforts to identify and attract new investors and analysts.
Prior to his appointment, Mr. Foreman served as Director of
Investor Relations and Business Development for General Moly Inc.
Previously, Mr. Foreman worked for Newmont Mining Corporation where
he held the positions of Manager of Investor Relations and Manager
of Strategic Communications and Public Affairs. Mr. Foreman holds
an MBA in Finance from the University of Denver and a Bachelor of
Arts in Economics from Bucknell University. Vista's President and
Chief Executive Officer, Fred Earnest, commented, "We are very
pleased to have Seth join our team as VP Corporate Development. As
we continue to advance the development of the Mt. Todd gold
project, we believe Seth will be an excellent complement to our
existing technical team and will help us achieve our goal to
deliver this world class gold project to production, and also help
to grow the Company through new business opportunities and enhanced
market visibility." About Vista Gold Corp.Vista is focused on the
development of the Mt. Todd gold project in Northern Territory,
Australia, to achieve its goal of becoming a gold producer. Vista
is advancing exploration on its Guadalupe de los Reyes gold/silver
project in Mexico and has granted Invecture Group, S.A. de C.V. a
right to earn a 62.5% interest in the Concordia gold project in
Mexico. Vista's other holdings include 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
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 achieving production at the Mt. Todd gold
project, the growth of the Company and other such matters are
forward-looking statements and forward-looking information. The
material factors and assumptions used to develop the
forward-looking information and the forward-looking information
contained in this press release include the following: results of
feasibility studies, mineral resource and reserve estimates,
exploration and assay results, terms and conditions of our
agreements with contractors and our approved business plan. When
used in this press release, the words "optimistic," "potential,"
"indicate," "expect," "intend," "hopes," "believe," "may," "will,"
"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 completing metallurgical
testing; risks relating to cost increases for capital and operating
costs; risks relating to delays in the completion of anticipated
drilling activities at the Mt. Todd gold project, risks related to
the timing and 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 Amendment # 1 to its Annual Report on Form 10-K as filed on
April 5, 2012 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. SOURCE Vista Gold Corp. Vista Gold Corp.
CONTACT: http://www.vistagold.com
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