Toronto, Ontario--(Newsfile Corp. - July 30, 2015) - Highvista Gold Inc. (TSXV: HVV) ("Highvista" or the "Company") announces that Mr. Gareth Noonan and Mr. Thomas W. Meredith have been appointed to the Corporation's board of directors effective July 28th, 2015.
Mr. Noonan is currently a Managing Director at Cohen & Company and has over 15 years of experience in investment banking and debt capital markets. Mr. Noonan has also advised participants in a number of M&A and restructuring transactions. Gareth has a Bachelor of Science in Foreign Service and a Juris Doctor, both from Georgetown University.
Mr. Meredith has 30 years experience in the junior mining industry and is the Chairman of West Red Lake Gold Mines. Previously he was the President & CEO of Lexam VG Gold from 1995 to December 2011 where he led the development of four gold projects in Timmins, Canada. During the early 1990's he served as the Vice President of Operations for Northfield Minerals Inc where Mr. Meredith was responsible for initiating production at the Cheminis Gold Mine near Kirkland Lake, Ontario.
"The Company is pleased to add two extremely experienced board members whose leadership and guidance will be helpful in the progression of the Company's existing and future projects" states Paul Crath the President and CEO of Highvista.
About Highvista
Highvista has announced that it is the process of changing its business, which is currently underway.
Highvista owns 100% of a Mexican subsidiary that controls the 24,055 hectare Canasta Dorada Gold Project. This project is located in the Sonoran Gold Belt immediately adjacent to AuRico Gold's El Chanate Mine ("Aurico"). In June 2013, the Company entered into an option and joint venture agreement with Aurico over the El Chanate Extension comprising approximately 30% of the Company's Canasta Dorada gold project. The agreement grants Aurico the option to earn a 51% undivided interest in the El Chanate Extension currently owned by the Company by incurring an aggregate of $3 million in exploration expenditures on the property over the three year period ending June 2016. Details of Highvista's Canasta Dorada Project can be viewed at the Company's website at www.highvistagold.com.
Reader Advisory
This news release may contain forward-looking statements based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Highvista Gold Inc.'s filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.highvistagold.com.
Completion of the change of business is subject to a number of conditions, including Exchange acceptance and disinterested Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular and/or Filing Statement to be prepared in connection with the transaction, any information released or received with respect to the Change of Business may not be accurate or complete and should not be relied upon. Trading in the securities of Highvista Gold Inc. should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
For further information, please contact:
Highvista Gold Inc.
Paul Crath, President
Tel: (416) 682-2674
Fax: (416) 504-4129
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
copyright (c) newsfile corp. 2015. all rights reserved