<SEC-DOCUMENT>0001104659-12-000430.txt : 20120105
<SEC-HEADER>0001104659-12-000430.hdr.sgml : 20120105
<ACCEPTANCE-DATETIME>20120104183359
ACCESSION NUMBER:		0001104659-12-000430
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20120103
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120105
DATE AS OF CHANGE:		20120104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VISTA GOLD CORP
		CENTRAL INDEX KEY:			0000783324
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			B0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09025
		FILM NUMBER:		12508277

	BUSINESS ADDRESS:	
		STREET 1:		7961 SHAFFER PKWY
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80127
		BUSINESS PHONE:		720-981-1185

	MAIL ADDRESS:	
		STREET 1:		7961 SHAFFER PKWY
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80127

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRANGES INC
		DATE OF NAME CHANGE:	19950602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRANGES EXPLORATION LTD
		DATE OF NAME CHANGE:	19890619
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a12-2122_18k.htm
<DESCRIPTION>8-K
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 3.0pt;padding:1.0pt 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM 8-K</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section 13 or 15(d) of the <br> Securities Exchange Act of 1934</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report:<b> January 1, 2012</b></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Date of earliest event reported)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">VISTA GOLD CORP. </font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact Name of Registrant as Specified in Charter)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Yukon Territory, Canada </font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or Other Jurisdiction of Incorporation)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-9025<br>    </font></b><font size="2" style="font-size:10.0pt;">(Commission File Number)</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not Applicable<br>    </font></b><font size="2" style="font-size:10.0pt;">(IRS Employer Identification No.)</font></p>    </td>   </tr>  </table>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7961 SHAFFER PARKWAY, SUITE 5, LITTLETON, COLORADO 80127</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of Principal Executive Offices and Zip Code)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s telephone number, including area code:&#160; &#160;<b>(720) 981-1185</b></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="border-bottom:solid windowtext 3.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106466\12-2122-1\task5030948\2122-1-ba.htm',USER='106466',CD='Jan  5 04:39 2012' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5.02&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Effective January 1, 2012, Frederick H. Earnest was appointed as the Chief Executive Officer of the Registrant.&#160; Prior to his appointment as Chief Executive Officer, Mr. Earnest was the President and Chief Operating Officer of the Registrant.&#160; Accordingly, Mr. Earnest&#146;s new title is now President and Chief Executive Officer of the Registrant.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr. Earnest&#146;s appointment as Chief Executive Officer of the Registrant follows the retirement, effective January 1, 2012, of Michael B. Richings as the Executive Chairman and Chief Executive Officer of the Registrant.&#160; Mr. Richings will continue to serve as a director of the Registrant and as the Chairman of the Registrant&#146;s board of directors.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr. Earnest earned a Bachelor of Science Degree in Mining Engineering from the Colorado School of Mines in 1987 and has over 25 years of experience in the design, evaluation, permitting, construction and operation of mining projects in the Americas and Australia.&#160; Mr. Earnest has served as the President and Chief Operating Officer of the Registrant since August 1, 2007 and has been a director of the Registrant since November 6, 2007.&#160; Previously, Mr. Earnest served as Senior Vice President, Project Development of the Registrant from September 2006 to August 2007.&#160; In addition, Mr. Earnest served as President of Pacific Rim El Salvador, S.A. de C.V., a mining company, from June 2004 to September 2006, and as General Manager and Legal Representative of Compa&#241;&#237;a Minera Dayton, a mining company, from April 1998 to June 2004 (both companies were subsidiaries of Pacific Rim Mining Corp.).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr. Earnest is not related by blood or marriage to any of the Registrant&#146;s directors or executive officers or any persons nominated by the Registrant to become directors or executive officers.&#160; The Registrant has not engaged in any transaction in which Mr. Earnest or a person related to Mr. Earnest had a direct or indirect material interest.&#160; To the Registrant&#146;s knowledge, there is no arrangement or understanding between any of its officers and Mr. Earnest pursuant to which Mr. Earnest&#160; was selected to serve as the Chief Executive Officer of the Registrant.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to Mr. Earnest&#146;s appointment as Chief Executive Officer, the Company has agreed to increase Mr. Earnest&#146;s annual salary to $325,000.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7.01&#160; Regulation FD</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On January 3, 2012, the Registrant issued a press release announcing that effective January 1, 2012, Frederick H. Earnest, President and Chief Operating Officer of the Corporation was appointed to the role of Chief Executive Officer.&#160; Mr. Earnest&#146;s new title will be President and Chief Executive Officer of the Corporation.&#160; Mr. Earnest&#146;s appointment follows the retirement of Michael B. Richings as Executive Chairman and Chief Executive Officer.&#160; Mr. Richings will continue to be actively involved with the Registrant in his role as a director and Chairman of the Board of Directors.&#160; A copy of the press release is attached to this report as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release is deemed to be &#147;furnished&#148; and shall not be deemed to be &#147;filed&#148; for purposes of the Securities Exchange Act of 1934, as amended. The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01&#160; Exhibits</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.92%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit No.</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.74%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="88%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:88.34%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:8.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.74%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="88%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:88.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release dated January 3, 2012*</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_041540_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\106466\12-2122-1\task5030948\2122-1-ba.htm',USER='106466',CD='Jan  5 04:39 2012' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*The Exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VISTA GOLD CORP. </font></b></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated: January 4, 2012</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:45.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Terri L. Eggert</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Terri L. Eggert</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Interim Chief Financial Officer</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_041655_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\106466\12-2122-1\task5030948\2122-1-ba.htm',USER='106466',CD='Jan  5 04:39 2012' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a12-2122_1ex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="25%" rowspan="6" valign="top" style="padding:0in 0in 0in 0in;width:25.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="171" height="86" src="g21221mmi001.gif"></font></p>    </td>
<td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7961   SHAFFER PARKWAY</font></b></p>    </td>   </tr>
<tr>
<td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SUITE   5</font></b></p>    </td>   </tr>
<tr>
<td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LITTLETON,   COLORADO 80127</font></b></p>    </td>   </tr>
<tr>
<td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TELEPHONE&nbsp; (720) 981-1185</font></b></p>    </td>   </tr>
<tr>
<td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FAX&nbsp; (720) 981-1186</font></b></p>    </td>   </tr>
<tr>
<td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Trading   Symbol:&nbsp; <b>VGZ</b></font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto   and NYSE Amex Equities Stock Exchanges</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;text-indent:171.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEWS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Vista Gold Corp. Announces Retirement of Michael B. Richings and Appointment of Frederick H. Earnest as Chief Executive Officer</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Denver, Colorado, January 3, 2012 -</font></b><font size="2" style="font-size:10.0pt;"> The Board of Directors of Vista Gold Corp. (TSX &amp; NYSE Amex Equities:&#160; VGZ) (&#147;<b>Vista</b>&#148; or the &#147;<b>Corporation</b>&#148;) is pleased to announce that effective January 1, 2012, Frederick H. Earnest, President and Chief Operating Officer of the Corporation was appointed to the role of Chief Executive Officer. Mr. Earnest&#146;s new title will be President and Chief Executive Officer of the Corporation. Mr. Earnest&#146;s appointment follows the retirement of Michael B. Richings as Executive Chairman and Chief Executive Officer. Mr. Richings will continue to be actively involved with Vista in his role as a director and the Chairman of the Board of Directors.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr. Richings, who returned to serve as the Chief Executive Officer of the Corporation in 2004, leaves a legacy of creating shareholder value.&#160; Following the acquisition of Vista&#146;s flagship Mt. Todd gold project in 2006, Mr. Richings conceived and led the transaction that resulted in the formation of Allied Nevada Gold Corp. (&#147;<b>ANV</b>&#148;) and a significant distribution of value to the Corporation&#146;s shareholders in the form of ANV shares.&#160; Mr. Richings was also integral to the recent contribution of the Corporation&#146;s Yellow Pine project to the recently formed Midas Gold Corp. (&#147;<b>Midas</b>&#148;).&#160; The current value of Vista&#146;s investment in Midas is approximately US$118 million.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Succeeding Mr. Richings is Mr. Earnest, who is highly qualified for the role of Vista&#146;s Chief Executive Officer having worked closely with Mr. Richings and the Board of Directors for the past several years.&#160; Since August 1, 2007, Mr. Earnest has served as Vista&#146;s President and Chief Operating Officer.&#160; Mr. Earnest holds a degree in Mining Engineering from the Colorado School of Mines and has over 25 years of experience in the design, evaluation, permitting, construction and operation of mining projects in the Americas and Australia.&#160; During his tenure with Vista, Mr. Earnest has successfully advanced the Corporation&#146;s core projects including overseeing the growth of the Corporation&#146;s Mt. Todd gold project in Australia and the pending completion of the project&#146;s bankable feasibility study.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr. Tom Ogryzlo, the Chairman of Vista&#146;s Corporate Governance Committee commented, &#147;on behalf of the Board of Directors and the shareholders of the Corporation, we thank Mr. Richings for his leadership and dedication to the Corporation. We are pleased to have Mr. Richings&#146; continued leadership as our Chairman of the Board of Directors and are equally pleased with the smooth transition to Mr. Earnest&#146;s very capable leadership.&#160; We know, based on Mr. Earnest&#146;s proven track record and accomplishments with the Corporation during the past 5 years, that we have an experienced and accomplished mining executive to lead Vista into the future. We are looking forward to an exciting year in 2012, and to Mr. Richings&#146; and Mr. Earnest&#146;s continued contributions to the growth of the Corporation and the value for our shareholders.&#148;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .05pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About Vista Gold Corp.</font></b></p>
<p style="margin:0in 0in .0001pt .05pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.&#160; After the initial public offering of the common shares of Midas, Vista holds approximately 30% of Midas&#146; common shares, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista&#146;s other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold </font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106406\12-2122-1\task5030909\2122-1-mm.htm',USER='106406',CD='Jan  5 04:17 2012' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">project in Indonesia and the Long Valley gold project in California.&#160; </font><font size="2" style="font-size:10.0pt;">For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Forward-Looking Statements</font></b></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.&#160; All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as the pending completion of a feasibility study at the Mt. Todd gold project</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">and other such matters are forward-looking statements and forward-looking information.&#160; When used in this press release, the words &#147;optimistic,&#148; &#147;potential,&#148; &#147;indicate,&#148; &#147;expect,&#148; &#147;intend,&#148; &#147;hopes,&#148; &#147;believe,&#148; &#147;may,&#148; &#147;will,&#148; &#147;if,&#148; &#147;anticipate&#148; and similar expressions are intended to identify forward-looking statements and forward-looking information.&#160; These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.&#160; Such factors include, among others, uncertainty of reserve and resource estimates, estimates of results based on such reserve and resource and reserve estimates; risks relating to scheduling for a feasibility study; risks that mineral reserve and resource estimate will not be confirmed by a new feasibility study; risks that a new feasibility study will contain other risk factors important to investors; risks relating to cost increases for capital and operating costs including cost of power; risks relating to delays at the Mt. Todd gold project; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista&#146;s operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings &#147;Uncertainty of Forward-Looking Statements&#148; and &#147;Risk Factors&#148; in Vista&#146;s latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q, as filed November 9, 2011 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions. &#160;Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.&#160; Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">For further information, please contact Connie Martinez at (720) 981-1185.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106406\12-2122-1\task5030909\2122-1-mm.htm',USER='106406',CD='Jan  5 04:17 2012' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g21221mmi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g21221mmi001.gif
M1TE&.#=AJP!6`'<``"'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"P`
M````JP!6`(<````/#P\2$A(8&!@5%14*"@H%!04<'!P!`0$+"PL)"0D0$!`?
M'Q\7%Q<'!P<-#0T6%A8='1T&!@8"`@(;&QL:&AH$!`04%!03$Q,.#@X9&1D1
M$1$,#`P>'AX#`P,("`@W-S<X.#@\/#P_/S\^/CX]/3TY.3DV-C8[.SLU-34H
M*"@A(2$N+BXS,S,T-#0Z.CHP,#`E)24L+"PR,C(O+R\C(R,I*2DK*RLM+2TJ
M*BHF)B8B(B(@("`D)"0G)R<Q,3%!04%`0$!-34U/3T]145%%145#0T-"0D).
M3DY'1T=)24E;6UM>7EY65E9:6EI$1$1,3$Q45%1?7U]5555965E=75U+2TM&
M1D924E)75U=<7%Q86%A04%!*2DI(2$A34U-^?GYC8V-G9V=M;6UP<'!X>'AY
M>7EJ:FII:6E[>WMQ<7%W=W=@8&!H:&AS<W-T='1N;FY]?7UU=75_?W]\?'QZ
M>GIL;&QV=G9O;V]K:VMD9&1A86%R<G)F9F9B8F)E9669F9F`@(""@H*#@X.0
MD)"?GY^7EY>,C(R<G)R$A(2;FYN6EI:&AH:*BHJ1D9&'AX>=G9V2DI*!@8&:
MFIJ>GIZ.CHZ4E)2/CX^5E96(B(B3DY.-C8V+BXN8F)B)B8F%A86HJ*BNKJZI
MJ:FZNKJ[N[NUM;6\O+RSL[.RLK*YN;FPL+"WM[>FIJ:BHJ*LK*RXN+BVMK:M
MK:V^OKZEI:6AH:&OKZ^TM+2QL;&KJZNJJJJ]O;VGIZ>CHZ.DI*2@H*"_O[_-
MS<W.SL[2TM+/S\_*RLK3T]/?W]_,S,S(R,C&QL;=W=W9V=G<W-S0T-#7U]?5
MU=78V-C+R\O:VMK6UM;;V]O$Q,34U-3`P,#"PL+'Q\?#P\/)R<G1T='%Q<7>
MWM[!P<'Z^OK^_O[[^_O]_?WN[N[M[>WBXN+\_/SHZ.CX^/CEY>7U]?7W]_?Y
M^?GV]O;O[^_DY.3JZNK@X.#R\O+FYN;Q\?'KZ^OAX>'CX^/P\/#S\_/T]/3G
MY^?IZ>GL[.S___\(_P`#@`@!HJ#!@P@3*ES(L*'#AQ`C2IQ(,6(`$>#"B=O(
ML:/'CR!#BAQ)LJ3)DRA3JBPY3MP($O]BRIQ)LZ;-FSASZMS)LZ?/GT!_`BD1
M;F:XHTB3*EW*M*E3I4&C2IU*M6<0HC&!@0K%M:O7KV##BAWK5=2HHL$`D2I:
MM:W;MS>OLBTEC%RYNWCSZMW+MZ]?O.9$@?L7"("0<W`3*ZXJ-Z8I=(NCICLU
M6!"`(>,B:]ZLL_$_4^HX^UR':O`@`$0RBUX==-U/SZ!9[R1M&G7F<.S2@=O-
M>W<[=^ED@EO'KEUO<+^!'^>=SMTZMC+?#4NE:A4Q>',)Q1/GNYWQWMZ_<_\O
M%LB8359%COF$'3KFL4*JD,DCYP[<N7/IYM$[!HI5O9OOM&*(*\DH$T\]\]BS
MS"NM,&,3;?^<EMH_X(!AP@E!&*&AAB:`<(0A,HV"Q!$@B+!A"2<DH00**62X
M(1`@H%!$&/_],\XJ8J@@P``$%&#`"D(<<L\8`+`P`@@MN'`"""5L>$2')R3Y
M`@D'()#*3.<T0T8"`(@!76=8?=9>.B4``(`""S``@PDHL*A"`P68"<M-H9@)
M@`,/0!"#"A$$8&89#Y86H6W_A.,,(DG8::<,B<`"3W3$Q&(&`79*<,8JLBA"
MA*)F&K%(*L\@YLP0$P`PPRS0*&,*&J4"P,@2=M+_P$0:C3ABA*)J$)*(&D-0
M8"<M,Y'3@IT+1&-5F+'9^$@#9E;`J:(6(*',3=(T48.9$"S`J0VF!%K;A#*-
MLX:B!LR)$R!F$K`*34XH^H0[,PES@YDLT$,3)`8`\`@)`*!@2CLS-6+G!=+,
MA(XCE"8RTS!^VLG&L6PE&],SD=B00AL*/`M"*>SHA$\I4.``"!IVGH'/31!*
MJ)I,^91IIR0Y30*`!8741(FB,,O43KMFNF%3$P!40D$+\M0DB9T8J$=3+1*$
M,9,3"3!K9@;$\,1>3=/D4$8CK9JI`S4^Z8-$"L6D```(^^"4,J$TC2*!G3LX
M:-,X40"PA#@UJ8*`G9;,_\2,!G9&89,M$H!!P"TV'6UFTC9)04+'_[R"P!N6
M*"K%RCA=79,K$1PSA:)P`%6-`I-``0`H.:T-+DUL*$K&3<`$`$$Q@W<]R4S/
M-'SG)7@'^X@IN`1G--)*TZ1,*`#/(\(&U+@S@YT!5+.3YC2Q(\(;R7!@9QQ`
MT2.#'!',\$[J@JILDS7.FKD!,#;!`<`<-]G2-2#!BJ#H!%1<@[E.B@/`>,P`
M"-T_"J&H*B`F)]2C"29X8(PAV(D)7]H)/T1@!0`<0B>JVY],+&,G)]2D&!C8
M03_B-S^:D&(`G.+`$%A1#I[T[W\W08<*,@"-F.C#!'9Z@/00B*SVU`0?*T!$
M+O]:%0-^_&09/5!`!\!&OF]I,";]&):9'+"NF8@!`(K`B?SL1#^:$.,*SP*`
M"N)0L)R\L'@VH0,`UC"36V3,3$V(($T22),S`,$8.3`3`ECQDU>\[0RS*1_;
M;`(*#]C)"/J0"3`<,()Y:+&$-6%'+K"P@6=%8!#YP,D9<?(,#``@"W58PQK*
M8`?=?0`;/(R8#VM2C09D8UQF$H(<<5('`'Q`&X%T(D[:83HS>0!8A=+"!&R1
MDRV:J8MS0T8=9/`L+)#C)IN<6Q@`8(`/3.":$Y``E^R4A0/:A(XS$0<0U+`-
M[0$@`]SH23F8683>-7%0J[-)-S(0*WO\XQH&V(([:\?_19G8XV0UL<<DF*FH
M,LPRFC4A10(D@`AK<..AW!#&,4)@)P[H(G,]S`DD='`/)=B)#CW9!0`0P`N>
M9%`G:E!4)L8QA`((0R?&!,#M8J()&MC+)NC0@J)RX`^;I(%X#P)C$9XX1#MQ
M07@U`>=,Z.&#7O"BGCL1AT=O$`^3"C*>-O%&#^RT@DU80`X[.<7>S`2BF,@"
M`&"]23Q88*<:K%(F=[#3!JI6$UX8LA4H<YDM7Q&7C.8$#UTPQ@K,9`!7["0;
M7.*>576IDTA`JP?FV(E([=0(?Q)``7B]":S,]`2DSB0/=E+`-VKR#F96X*TS
M*80AS72%)RIU)LCH`##B"L=]_]K$#@"`0#H7"\\GTF0=>@5`675B!D4Q829/
M```'#&';?\2#!F8J@+EH<@[[Z=$1PP/`#WS[CWOXRDZ8^*9?<0*.))0!&0\P
MTP6LD1-E#'8)W/WM5>,KDU4XP$PER*1--%(/9A1":F;B0"66D8]PP!(`4X"%
M/8J2CF-PP4P=\(5,PG&.=?"#&&3@%`-\L0QR[&,9C'BC`A9QCWV<`SKBB`<@
MXA1:,#3#-3)Y;6IE<`\PFND1.7&L!8C9DY/N9!R;105YXS`"&UA3`DB6@`<D
MH(,2H`$8:SC!!R!<@BO,@$LW,,,SPGF)*[C`609(L@00X``=D,`+/O!`-B5@
M@0*PH/\(9$C;/]91AQ1D(,Q(=D"I.E"%JL9$QC(IQPU``8FQ_D#.-9G'"P`0
M`GCU>+X]F087QL#=<P#C&M78QC$VS6EB5.,;W8C)/JR1BT>,00]B6(,ANM%"
MFHS#&K_`1C*B`0Q.;WH;U<#&-ZI!#$X#8QO:N`8R!D,A8'QC&[7>=*VC48UL
M./H?@)9)&82@#!Z8:9@W*84APSL:2,OFVXJ)=DR"T8-FX-9,$+1)%@#``(`^
MFK'@CG=;Q/T/<0Q!$M7(%P`.4$.:3$-;>`"*C^5-<*G0^Q^[<`$\@&`G3M1$
MC0%(AL"]7?"*OV:\.HE'"U2A"#N)()$RX4<>A^!9WIIO)_K_@,8W4`$*4=BB
M&M`87T_2H0QML#P7J]B&/``VDW&L0SD?`4<ZUO$<ZNYC';KIB-!U0]^^JM(G
M9LB",B)@I@]T2R:TN"8?)PYOFQ1#$UO0@0`N0($.P&D"#[`!$>9P"W7,<A^H
M($,*%I`!#72``&/6@`C4<(H:Y:,-)?C!#082@L*?X`8M`,(:2BX/*02A!3<X
M0>$+GX(9T&`&)/C"&#B!"V'`.)6.02U.A*$":X#63'H(EQ<`<`*>_V3@/8?%
M%"H)@"0L(AO>,(<WLK$(*'0-"#62R3X0<0(S/6`,KZ"&.:@QBCM0?:0ST$0F
ME8$-1/1245SH!3',$<%V4`,9O/B"_Z(0,`=?',(-2!BLF0(P@S&DXME)Q?A.
MIC`(;)BS`9WPQ!KVD+$A$`,RKT=Q,@$-5+!:)G`E-_$-UJ4#K183UK!Z^!4,
M-F$.;:`H0(`,X5($BK($/G%]%[!E+&,*8P`!=C(!0!`+3A=Z/Z$**.`-Q1=&
M57<#5=`*D65R@Q03NF`#=N(%-X43])`H,O!,,1$->60F-"`W-G$.*64G'?`+
M,I$(=H(`LP!U=B(`=$43S2!^E7('\/=G\J<3[2`"(B``BA(!*E`J&$![9L(#
M:%`\\'`+Q#83L$<,'0`WT[(3T$`!/2"$YO`\A!4*.C$/MV(G/N`-,8$)=F(!
MT[43/V4F5O^(,N=F)WQ@6P='(80`8&:B`+C@"0CP`:A@#+/@!-HB`0RP`%FP
M"L<`!0Z`A#(Q</N``HIR"3XQ"#CP3..PA&:"$3N1"N9D)F>0&9V0B(NH$[7D
MB%=8$^[@47;B`:HP1U]X$^70!RH0)QSP?`!P`\X"!)#S#\@@BFQ@"6;#)07`
MBC$Q<*R@*!3@##Y1#L/V#]Z0/F8R"#RQ#T%0AF"S",+H$\4(`(^($[+P-G9"
M!/M$;^_P!2/P@F$0"@!I)XM`78B@`6)P#VZ0+B,D7XPU#E2@*"7@2$&1"_=3
M"SVQCP#`C/]@"/D8DE5XC,@H1<WB9U[X=!B4!4JP*0J`!%#0#XO_9B<Q('J_
MH`%5D`Y^```\('-RZ&WSX(=FT@6N]Q.<H"@.L$,[00MC928-:9)FHHCZF)(Z
MT3IVD@#]]I(JJ!-O8`1WD"]VD`]!,`J$H"AW@!/7<`&!L`P7T`,<692,50XJ
MH"@D4)<R,0^/X`9DH`9U0`>$20=IH`9TD)%V8@`7Q1.AL%I469(GR1/[V(\X
MX3X5Q8K1Y@HST`G,4@,GDPEA,`TH!``)(($XP0L;``M$L`,@9Y>])6HO"&%E
M-!/NT`N#\`<P\"PGT`C%I2@UPQ.[,)4D:94S,XPY49DJ61/3U%9$"6W/*!/H
M``*8T$N;$!/,``++P)5<0%][\`)BX`-\_UF.WA8.5U2"D)`3]9`&7>,"]G0,
M;V0F8M`3F:`H!U`P^'B5R%D3I;`,_Z"<.9$..&0G?_`E@#8'4:`(AL0#[J8'
MF``*(PF(.F$,$1`!,:!?L'ER_X`-"PD`+H"A-B$-@&,F5!`3[@"!9L(`HD<3
MX"`$BB(&F9&?QZD3N\`!<]*(_+B<,]$-4^:(&#@3,M:'JL!P`/`',U$*77`&
M'MJ`.1%7%<"DY`EOX:"D;)D3ZK!59K(%(=*+`""/.M$-9`AA_2:C6(D3V3``
M+@`O^W@![',3XO`Y=N()\0>3-N$)6<`T`#`!6Q<3\U"/`)`)/8$,'!``/=B*
M`E@.#Y:(@^!--/]!#S'003-Q"%-)`%=W$^R`!-`#DC'1E/J)$\>01PWY#T02
M8+AT$Y_0-7&PE&`I)C?1IZZ@!V:B`>PU$Y4S`+6I$_7P/%]IJ%WW#^\`!_=E
M)U,P##;1#U@*`%[P#$84$X9P`79"`8AC$^30G`#@`Z4P$YLU,[)@$_ZP",ZB
M`U4E3E5:$^9P>F)44N)%IS1Q#2(0#=8&`"D@A#(!#R.05CV1""FPK!EZ@S)1
M"U<0K`"P`7H0"]*@#T5Q#K>P3<I5`J*PHU.P31;0!K^P8!1B#*U`4;EE!X;8
M#NC0#(\`L`%$"MB`#;^`"I.0!_-B)G80#]'@!ETS,W\0'\"@#;S0!BC_9`$N
M\`@UF*YA61.?<`:WT"I#T%SV@&@\P0X5:9&Q^2"I``<MT(L?L`,80@)]P@+T
MMPK*H*KB<`UND`)O%`$M8`(P`#@%$`2)T`Q\F@<B$`,*H``/\+8<D``7H`$:
MT``;\`$(,`$%\+8A,`([\`%[^[8/H``.,``^,`,_L"94T`BZ`*5SVK/AU`2%
M,`=V,I^;`7LV40_"4`N1$`=N@`=R,`B+``O3(*\Y,0_%$`J5L`9P``=E<`FV
ML`R>!0[!@`S'P`W%D+NYRPW!T+O!,`S-(`RZ6PS'H&FX.[S"\`S38`W0(`_^
M4'*@QZHU@0Y!@`V)ND:<@;D6M[T8I:XR80TC_S`,T&4F@9"]`LB]Z/NXTDL3
MO_`$PW``+V.^O9J^]`N=WAL3N(`$T1"F`*!8FJ&]]8N^2E4(37`,:L@'/3$/
MG]8,YD`.[+`RXK`/Z``-S1!\)[4-=9`&&KS!'-S!'OS!(!S"(CS")%S"(1P'
M(*A4DY`%P:"&3L,3C>`!!H`!/3`#):`$0B`$4'`%)F`#&L`!9\`6)[4),%C$
M1GS$2)S$2KS$1KP+JRHQJ14%W.!)L12',3,`(`N##\`(0@QIM2"&)1#&8CS&
M9%S&9GS&:)S&:KS&;&S&(C`"HV6_D"L3L=`%T&"-)V"Z.8$.T0`(1V`!5F`V
MBE(`9J".O!J;X3`.BO^\R(S<R([\R)`<R9(\R91<R9/,%DKU#23`#+MI)A&P
MJSRA#VZ0`[APK``P!C4!P`&\O4KE#"#P#$`S157T$_/P`[X0!Y4B<4JKH8IQ
M#O%`#Y]'$_.@#N4004BQR/N5R$WG%DI%#D`P"IQJ)H(0%7;@!K``D!@`@/N*
M56Y1#X0``ABP`#[`![N:"E3``QN@`4$P"9^W"$8P`B90>%[@"4+8#F5@!"1`
M$$%`!T6S&4H5#GX@",D`L$6PC3Z1"5JP#6':`<\9I4L+%_J0D1H`!W5@/SNP
M6XB0,5/`"",(`'O`D17(`$[@!%'`+&*`-\!5)%60!8^:!"`:;M$)"4_0#R#_
M`#W$"A2;,`7-4)HKT-!S=KYMT0L`H`%*DP]A``-XI0QU&`DR<0PHM'49QD8Q
M\50[D$GND"A9]`_04``(<-.1\5KR(`/94#EV8@9!P0E-L`U4W-.I#-15T0<`
M(`4TX1W_H`H`L`/V)!.P"DC_D&$CH`F:<`E/D`"2@!A7#0!\$`W)\%/MYL_1
M^0]GP`;H4(0`$`'NUA-Q$`:I\$9LO<O\VA9[``!M<!.X4*T@2B1&VM<`4``-
MT`#IQ0.S>MAXH@`(P`(2JADR)@P]D`V^H"A2[1-]``;H8B:=O<W+_!-$S`)Y
M31A6(&0,\P$\]@_V@`,`P-2JS03>X`W<`$92?=AB_Y`*I_`+^HK;C_T/:Q`$
MY+`%<M68/`$.7M`+B@D`%=!3GLW-51'6`%`$NZ`*?\"/[",.;P``#=`(IM`+
M_/("`(5;=B`3*<6!_^`.#,=M$V8)6]",,'V_P6(";J`.LRD#_LD3QS`"D4!/
MB^.XJDP5ST`%]-2)2J#+%,()-F``%N`!$-`&]R`3@5`!8"`3D4`!2Y`V[%`%
M&D`)KB8%#@"H%S['-1$--=`(SB#(`&`"AIP3Y(`%*\``H74'S77B5?$,KP`+
MPV#%,5$.V5`*LM#/,A$/U+#<^L`,RM`QX4`/TM#0X8`.TN"X\U;>,3$**Q`'
MPM`%=I(#AH43W9!<B=@$IO_P1%R^R@1';]GP`T0@"VG@K".)!+@@#^LP#N<P
M#\R0"TZ07L:'Z._$RXS.O0>G#G_P`V!`"$3`OP<@`E#0!2!0FF;2`V/@XFKC
MUJ5><)7X&55P!4RP!"*@L)Q2`5,`">9A@_:]ZXVNYS;Q#(#P!F&0`@(0``O0
M`#D`!680"LG>;?/+[,V.X3VQ#_&@#,ZP#.I@M%SWT.!><;U^N;K>[M_V[O\;
M[_+.&K"AS18W&95Q&<=][U\=)G11#OY0\`9_\`B?\`J_\`Q?\.5P#Z`P&(5Q
M&`#/ZV&B%;5`%AJ_\1S/%691%,,P":8P2Q6_&IX1$T^1\BJ_\DA1\ND;!##A
M\C([+QI`@!$ML1(XG_,ZO_,\W_,J<0[@,`(!L"0I4/1&?_1(G_1*O_1,W_1.
3__10'_52/_54__0G<`(!$!``.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
