Vista Gold Corp. announced on November 12, 2026, that it has entered into an arrangement agreement with Artemis Gold Inc. under which Artemis will acquire all of the issued and outstanding common shares of Vista. The transaction is structured as a court-approved plan of arrangement under the Business Corporations Act (British Columbia).
Under the terms of the agreement, each outstanding common share of Vista, with certain exceptions for dissenting shareholders and Artemis and its affiliates, will be exchanged for 0.0966 of an Artemis common share. Upon completion of the arrangement, Vista will become a wholly owned subsidiary of Artemis. Shareholders of Vista immediately prior to completion are expected to collectively own approximately 5% of Artemis' shares, excluding Artemis' existing 4.95% interest in Vista, which is intended to be canceled.
The company also reported its unaudited financial results for the quarter ended September 30, 2026. During this period, Vista reported a consolidated net loss of $6.4 million, or $0.05 per common share. The company noted that it had cash and cash equivalents totaling $43.5 million at the end of the quarter, compared to $13.6 million at December 31, 2025. Vista reported that it continued to have no debt.
Management will host a conference call on November 12, 2026, at 8:00 a.m. MST (10:00 a.m. EST) to review the financial results and discuss the Arrangement. A copy of the press release containing these details is attached to the Form 8-K filing.
