Highvista Gold Inc.
TSX VENTURE : HVV

Highvista Gold Inc.

July 30, 2014 17:00 ET

Highvista Gold Inc. Announces the Resignation of Its President and CEO

TORONTO, ONTARIO--(Marketwired - July 30, 2014) - Highvista Gold Inc. ("Highvista" or the "Company") (TSX VENTURE:HVV) announces that Mr. Richard Adams will resign as President and Chief Executive Officer of the Company effective August 29, 2014. Mr. Adams will continue in his role of President and CEO until August 29, 2014 and as a director for a short time thereafter in order to assist Highvista with the transition to a new President and CEO.

Mr. Adams resigned as CEO in order to pursue an opportunity within the mining group at an investment bank.

Edmund King, a director of Highvista, commented, "On behalf of Highvista and its board of directors, I want to thank Rick for his commitment and contributions to Highvista. Although we are sorry to hear Rick will be leaving us in the near future, we wish him the best of luck in his new role."

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. The El Chanate Extension, which represents approximately 30 percent of the Canasta Dorada Gold Project was optioned by Highvista to AuRico Gold, as previously announced on June 28, 2013. 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, the anticipated resignation date of Mr. Adams as the President and CEO of Highvista and anticipated appointment of a new President and CEO. 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. These assumptions include, but are not limited to, the effective date of Mr. Adams resignation, the time required for the transition to a new CEO, the ability of Highvista to attract a satisfactory qualified President and CEO candidate, and the approval of a new President and CEO by the TSX Venture Exchange. 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, the early stage development of Highvista and its projects; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities at the Company's projects; competition; and lack of qualified, skilled labour or further loss of key individuals. 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.

Contact Information

  • Highvista Gold Inc.
    Richard Adams
    President and CEO
    (416) 504-3588
    (416) 504-4129 (FAX)