Highvista Gold Inc. Announces Proposed Share Consolidation and Update on Status of Secured Promissory Note
28 Aprile 2014 - 11:00PM
Marketwired
Highvista Gold Inc. Announces Proposed Share Consolidation and
Update on Status of Secured Promissory Note
TORONTO, ONTARIO--(Marketwired - Apr 28, 2014) - Highvista Gold
Inc. (TSX-VENTURE:HVV) ("Highvista" or the "Company") announces
that it has called a special meeting of shareholders of the Company
to consider, and if advisable, to pass a resolution authorizing the
board of directors of the Company to implement a share
consolidation on the basis of one (1) new share for each ten (10)
common shares currently issued or authorized.
The shareholder meeting is scheduled to be held on Wednesday,
June 11, 2014 in Toronto. On or about May 15, 2014, the Company
intends on mailing a management information circular discussing the
business for the meeting to the shareholders of the Company as of
May 5, 2014, the record date for the meeting. The Company will also
post the circular on SEDAR promptly after mailing.
The proposed consolidation is subject to regulatory approval,
including approval of the TSX Venture Exchange, and the board of
directors will retain discretion on whether or not to pursue the
transaction if shareholder approval is obtained.
In addition, the Company is pleased to provide an update on the
status of its secured promissory note with Norvista that is
currently in default. Norvista has agreed to forebear any of its
rights under the note until June 30, 2014.
About Highvista
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. Details of Highvista's Canasta Dorada Project can be
viewed at the Company's website at www.highvistagold.com.
Reader Advisory
Certain statements in this press release constitute
"forward-looking statements". These forward-looking statements
include, but are not limited to, statements regarding the date of
the special meeting of shareholders of the Company and mailing and
posting to SEDAR of the related management information circular as
well as the board of directors' decision whether to complete the
proposed transaction described herein. Forward-looking statements
express, as at the date of this press release, the Company's plans,
estimates, forecasts, projections, expectations, or beliefs as to
future events or results. Forward-looking statements are based on
certain assumptions, including the key assumptions and parameters
on which such estimates are based, involve risks and uncertainties
and there can be no assurance that such statements will prove to be
accurate. Therefore, actual results and future events could differ
materially from those anticipated in such statements. Factors that
could cause results or events to differ materially from current
expectations expressed or implied by the forward-looking
statements, include, but are not limited to, any rescheduling or
adjournment of the shareholder meeting and receipt of regulatory
and shareholder approvals for the proposed transaction. Readers are
cautioned not to place undue reliance on the forward-looking
statements contained in this press release. Except as required by
law, Highvista assumes no obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or any other reason.
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.
Highvista Gold Inc.Richard AdamsPresident and CEO(416)
504-3588(416) 504-4129
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