Vista Gold Deal With Artemis Carries $427 Million Implied Value

Vista Gold Corp. shareholders would receive Artemis Gold Inc. shares in a proposed all-stock deal carrying a $427 million implied equity value and a Q1 2027 closing target.

The exchange ratio is 0.0966 Artemis shares for each Vista share, implying $2.83 per Vista share. Vista shareholders are expected to own about 5% of Artemis after the transaction. Because the consideration is in shares, its market value can change with Artemis’ share price.

Closing is subject to Vista shareholder and court approval, regulatory clearances and customary conditions. The listed regulatory approvals include Australian Foreign Investment Review Board approval, Northern Territory ministerial consent and TSXV approval.