Vista Gold Corp (VGZ)

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7:32 am Vista Gold grants six month extension for final payment for the Los Cardones Project and will receive $0.5 mln cash payment (VGZ) : Co announced that it has agreed to extend the due date for the second $6.0 mln payment for the Los Cardones gold project in Baja California Sur, Mexico by six months to January 30, 2015, and will receive a $0.5 mln cash payment. On October 18, 2013, we announced the closing of sale of the Los Cardones gold project in Baja California Sur, Mexico, to the Invecture Group and RPG Structured Finance S. r.l. for $13.0 mln. Terms of the sale included $7.0 mln paid at closing and an optional second payment of $6.0 mln due by January 30, 2014. The Purchasers have the option to elect, in their discretion, not to make the Subsequent Payment, in which case Vista would retain all amounts already paid and the project.