TORONTO, ONTARIO–(Marketwired – April 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 Adams
President and CEO
(416) 504-4129
(416) 504-3588
