Vista Gold actively engaged Republic for this transaction because it understood Republic’s experience with the Project, and that the Company has a highly experienced technical team. Republic is buying all of the shares in Vista Gold’s wholly-owned subsidiary, Vista Gold (Antigua) Corp, a company incorporated in Antigua and Barbuda (”Vista Gold (Antigua)”). Vista Gold also has a right of repurchase of the Project if the Company hasn’t completed financing to put the Project into production within 5 years of the Closing. Vista Gold will pay the Company 75% of the aggregate costs incurred by the Company on the Project if this repurchase right is exercised. As Amayapampa and other projects the Company knows of are in identical geological settings to those found in the Company’s Hodgkinson Basin project area and in Central Victoria, the Company considers that the Altiplano region of Bolivia has strong economic potential. read more

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