Artemis to Buy Vista for $427M in Australia Push
The deal gives Vista Gold shareholders 0.0966 Artemis shares per share and values the target at about US$427 million, with no cash or new debt.
- On Monday, Artemis Gold Inc. announced a definitive agreement to acquire all issued and outstanding shares of Vista Gold Corp. in an all-stock transaction valued at approximately $427 million.
- Strategically targeting annual production of one million ounces, Artemis Gold identified Vista Gold's Mt Todd project in Northern Territory, Australia, as a key asset to expand its development portfolio.
- Under the deal terms, Vista Gold shareholders receive 0.0966 Artemis Gold shares per share, representing a 25% premium to the last closing price and a 29% premium to the 20-day volume-weighted average price.
- The transaction provides Vista Gold investors an immediate premium and continued exposure to Mt Todd, leveraging the Artemis Gold management team's proven ability to develop gold assets.
- Expected to close in January 2027, the transaction requires shareholder and regulatory approval, with Artemis Gold prioritizing its Blackwater EP2 expansion before advancing construction at Mt Todd.
15 Articles
15 Articles
Artemis Gold bought rival Vista Gold in a full stock transaction valued at about $427 million, taking control of the gold megaproject Mt. Todd, located in Australia. Exclusive material for subscribers. To have full access, access the link of the material and register.
Artemis Gold Buys Vista Gold in US$427 Million Deal
Artemis Gold (TSXV:ARTG,OTCQX:ARGTF) has agreed to acquire Vista Gold Corp (NYSE:VGZ) in a US$427 million all-stock transaction that secures full ownership of the Mt Todd gold project in Australia’s Northern Territory.Under the definitive arrangement agreement, Vista Gold shareholders will receive 0.0966 Artemis common shares for each Vista share held. Artemis Gold already holds a 4.95 percent stake in Vista Gold.Upon completion, existing Artemi…
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