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Stock Market & Financial Investment News

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January 16, 2014
09:09 EDTVGZVista Gold signs letter of intent for Guadalupe de los Reyes project in Mexico
Vista Gold has signed a non-binding letter of intent to option its interest in the Guadalupe de los Reyes gold and silver project in Sinaloa, Mexico to Cangold. The LOI provides that a non-refundable $50K payment be made to Vista for which Cangold will have a 90 day period of exclusivity to complete due diligence and negotiate and enter into a definitive option agreement with Vista. The LOI contemplates that the Option Agreement would provide that Cangold may earn a 70% interest in the GdlR Project by: making payments totaling $5M in five payments over a three-year period, operating the project, and fulfilling all of the obligations of Vista's wholly-owned subsidiary, Minera Gold Stake to the Ejido La Tasajera as set out in the temporary occupation contract between MGS and the Ejido. Cangold may at its discretion advance the above payment schedule and exercise the initial option for a 70% interest in the GdlR Project any time during the three-year period.
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April 15, 2014
08:34 EDTVGZVista Gold subsidiary to option interest in Guadalupe project to Cangold
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