Toronto, Ontario–(Newsfile Corp. – March 9, 2015) – Highvista Gold Inc. (TSXV: HVV) ("Highvista" or the "Company") announces that it is exploring a strategic review of the Company's business and alternatives in order to maximize value for its shareholders.
The strategic review will encompass a careful evaluation of the company's existing properties and projects, business plan, development strategy and capital structure and will consider various alternatives for the Company which may include further mining projects or projects in other sectors.
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. In June 2013, the Company entered into an option and joint venture agreement with Aurico Gold Inc. ("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 on or before June 28, 2016.
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.
For further information, please contact:
Highvista Gold Inc.
Paul Crath, President and CEO
Tel: (416) 682-2674
Fax: (416) 504-4129
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