Vista Gold Corp. Announces Voting Results from Annual General Meeting and Appoints Tracy A. Stevenson as New Chair of the Board
28 April 2023 - 12:12AM
Business Wire
Vista Gold Corp. (“Vista” or the “Company”) (NYSE American and
TSX: VGZ) today announced the voting results from its annual
general and special meeting of shareholders held on Thursday, April
27, 2023 (the “AGM” or “Meeting”).
A total of 68,925,603 common shares in the capital of the
Company (“Common Shares”) were represented at the meeting, being
57.93% of the Common Shares. Detailed results for the ballot votes
for the election of directors are as follows:
Proposal
Votes For %
Votes Withheld %
Election of John M. Clark as Director
97.44
2.56
Election of Frederick H. Earnest as
Director
96.76
3.24
Election of W. Durand Eppler as
Director
97.13
2.87
Election of Deborah J. Friedman as
Director
97.04
2.96
Election of Tracy A. Stevenson as
Director
97.05
2.95
In addition, at the Meeting, shareholders appointed Plante &
Moran PLLC as auditors of the Company and passed ordinary
resolutions to approve 1) on an advisory basis, the compensation of
the Company’s Named Executive Officers and one year as the
frequency of future advisory votes and 2) amendments to the
Corporation’s Long Term Equity Incentive Plan.
Following the AGM, the Company’s Board of Directors (the
“Board”) appointed Tracy A. Stevenson as Chair of the Board.
Frederick H. Earnest, President and Chief Executive Officer of
Vista, stated, “As previously announced, Mike Richings, our former
Chair, stepped down at the conclusion of the AGM. On behalf of the
Board, I wish to extend my gratitude once again to Mike for his
many years of service and contributions to Vista, the Board, and
all stakeholders. I am pleased to welcome Tracy Stevenson as
Vista’s new Chair. Tracy has served on Vista’s Board since November
6, 2007 and has contributed greatly to the Company’s many
successes, including advancing Mt Todd into one of the largest,
development-ready gold projects in Australia. As we turn a new
page, we look forward to continued success under his Board
leadership.”
Mr. Stevenson said, “I am pleased to accept this opportunity to
lead the Board and look forward to working with the Vista team to
maximize value for our shareholders. I wish to add my thanks to
Mike Richings for his extensive contributions to Vista and his
friendship.”
About Vista Gold Corp.
Vista is a gold project developer. The Company’s flagship asset
is the Mt Todd gold project located in the Tier 1, mining friendly
jurisdiction of Northern Territory, Australia. Situated
approximately 250 km southeast of Darwin, Mt Todd is one of the
largest and most advanced undeveloped gold projects in Australia
and has the potential to be one of the top five gold producers in
Australia. All major environmental and operating permits have now
been approved.
For further information, please contact Pamela Solly, Vice
President of Investor Relations, at (720) 981-1185 or
IR@vistagold.com. You may also visit our website at
www.vistagold.com.
Forward Looking Statements
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 we expect or anticipate
will or may occur in the future, including such things as our
belief that Mt Todd is one of the largest and most advanced
undeveloped gold projects in Australia and has the potential to be
one of the top five gold producers in Australia are looking
statements and forward-looking information. The material factors
and assumptions used to develop the forward-looking statements and
forward-looking information contained in this press release include
the following: our forecasts and expected cash flows; our projected
capital and operating costs; our expectations regarding mining and
metallurgical recoveries; mine life and production rates; that laws
or regulations impacting mine development or mining activities will
remain consistent; our approved business plans, our mineral
resource and reserve estimates and results of preliminary economic
assessments; preliminary feasibility studies and feasibility
studies on our projects, if any; our experience with regulators;
our experience and knowledge of the Australian mining industry and
our expectations of economic conditions and the price of gold. 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 the Company 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 and reserve estimates, uncertainty as to the Company’s
future operating costs and ability to raise capital; risks relating
to cost increases for capital and operating costs; 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
our 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 as to the results of bulk metallurgical
test work; uncertainty as to completion of critical milestones for
Mt Todd; as well as those factors discussed under the headings
“Note Regarding Forward-Looking Statements” and “Risk Factors” in
the Company’s latest Annual Report on Form 10-K as filed in
February 2023 and other documents filed with the U.S. Securities
and Exchange Commission and Canadian securities regulatory
authorities. Although we have 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, we assume no obligation to publicly update any forward-looking
statements or forward-looking information; whether as a result of
new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230427006035/en/
Pamela Solly Vice President of Investor Relations (720) 981-1185
IR@vistagold.com
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