Proactiveinvestors USA & Canada Alta Vista Ventures https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Alta Vista Ventures RSS feed en Fri, 19 Jul 2019 05:12:15 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Alta Vista Ventures to acquire RedeCan Pharma for C$9.5mln ]]> https://www.proactiveinvestors.com/companies/news/119857/alta-vista-ventures-to-acquire-redecan-pharma-for-c95mln-119857.html Alta Vista Ventures (CSE:AVV) surged in morning trading after the Canadian exploration stage company said it intends to acquire RedeCan Pharma, one of Canada's 19 MMPR (marijuana for medical purposes regulations) cultivation and sales licences.

Shares gained 67.6% to US$0.142 at 11:58 a.m. in New York.

Alta Vista signed a letter of intent to purchase a 100% undivided interest in RedeCan for C$9.5mln in cash and shares,  Vancouver, British Columbia-based Alta Vista said in a statement on Monday.

"The completion of this transaction puts Alta Vista in a select group of public companies," Ian Foreman, president of Alta Vista,  said in the statement.

Hes aid there are only a handful of public companies with a licence to cultivate and sell medical cannabis in Canada under the MMPR system.
Redecan Pharm is located in the heart of the Niagara peninsula in Southern Ontario.

RedeCan currently utilizes 15,000 square feet of greenhouse space on 30 acres of land located in the tender fruit belt.

The size of the property allows for future expansion of the facility.

RedeCan Pharm received its cultivation licence in June of 2014 and was then issued its licence to sell dry cannabis to medical patients across the country in March of 2015.

RedeCan's ability to utilize its greenhouse facility along with its ability to keep operating expenses down have allowed it to be a profitable licensed producer.

Seven million dollars will be paid in cash and C$2.5-mln will be paid by the issuance of shares of Alta Vista at a deemed price of C$0.33 per share.

Upon signing the letter of intent Alta Vista has paid a non-refundable deposit of $100,000 and issued two million shares to RedeCan.

The remaining payments will be made in two stages as follows: Alta Vista will purchase a minority interest of 28.6%  on, or before, February 15, 2016, by paying C$1.9-mln and issuing two million shares.

Alta Vista will purchase the remaining 71.4% (for a 100% interest) on, or before February 15, 2017, by paying C$5-mln and issuing an additional 3.6mln shares.

In addition to the purchase price Alta Vista will pay a 10% royalty of the gross revenues of RedeCan on a quarterly basis to be paid 50 per cent in cash and 50% in shares of Alta Vista.

The company has agreed to pay a 7% finder's fee to Shaxon Enterprises upon successful completion of this transaction and would like to thank Don Shaxon and Jason Springett for their considerable efforts.

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Mon, 30 Nov 2015 12:45:00 -0500 https://www.proactiveinvestors.com/companies/news/119857/alta-vista-ventures-to-acquire-redecan-pharma-for-c95mln-119857.html
<![CDATA[News - Alta Vista Ventures to list on the CSE ]]> https://www.proactiveinvestors.com/companies/news/103123/alta-vista-ventures-to-list-on-the-cse-56627.html Alta Vista Ventures (CVE:AVV) says it is planning to delist its shares from the TSX Venture Exchange and instead list on the Canadian Securities Exchange. 

In a statement released late Friday, the company told investors that it expects its shares will be delisted from the TSX-V at the close of trading this Wednesday, and will begin trading on the CSE at market open on Thursday, September 11. 

It said its name and trading symbol, "AVV", will remain the same. No details were given for the reason behind the move in exchange.

Earlier this summer, Alta Vista's partner Tosca Mining released some analytical results from the recently completed drilling program on their Carol project in Mexico. The company said drilling tested a target area of 875 metres in length, with a total of 400 samples sent for analysis. Core samples ranged in length from 0.5 to 2 metres, while values were as high as 0.288 grams per tonne (g/t) gold, 9.2 g/t silver, 2.39% copper, 0.1% lead and 1.06% zinc.

The widest intervals found were from hole 5, which intersected 0.98% zinc over 2 metres from 6 to 8 metres depth, and 0.29% copper over 3 metres from 26 to 29 metres depth.

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

The Carol property is located about 4 km from the Piedras Verdes porphyry deposit, Mexico's third largest copper producer at more than 70 million pounds per year. 

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Mon, 08 Sep 2014 09:21:00 -0400 https://www.proactiveinvestors.com/companies/news/103123/alta-vista-ventures-to-list-on-the-cse-56627.html
<![CDATA[News - Alta Vista Ventures sees first drill results from Carol project ]]> https://www.proactiveinvestors.com/companies/news/102161/alta-vista-ventures-sees-first-drill-results-from-carol-project-55238.html Alta Vista Ventures (CVE:AVV) said Monday that its partner Tosca Mining has released some analytical results from the recently completed drilling program on their Carol project in Mexico. 

All holes encountered moderately to strongly altered skarn zones, according to Alta Vista's statement. Six holes, totaling 577 metres, were drilled to investigate the continuity and extent of skarn mineralization found in surface trenches and outcrop. 

The company said drilling tested a target area of 875 metres in length, with a total of 400 samples sent for analysis. Core samples ranged in length from 0.5 to 2 metres, while values were as high as 0.288 grams per tonne (g/t) gold, 9.2 g/t silver, 2.39% copper, 0.1% lead and 1.06% zinc.

The widest intervals found were from hole 5, which intersected 0.98% zinc over 2 metres from 6 to 8 metres depth, and 0.29% copper over 3 metres from 26 to 29 metres depth.

The company is now in the process of correlating surface data with the drill results, Alta Vista said.

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

The Carol property is located about 4 km from the Piedras Verdes porphyry deposit, Mexico's third largest copper producer at more than 70 million pounds per year. 

In late May, the company received approval from the TSX Venture Exchange for its $300,000 private placement financing, the proceeds of which will be used for general working capital and its portfolio of projects. 

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Mon, 07 Jul 2014 14:43:00 -0400 https://www.proactiveinvestors.com/companies/news/102161/alta-vista-ventures-sees-first-drill-results-from-carol-project-55238.html
<![CDATA[News - Alta Vista surges 86% after receiving TSX-Venture approval for $300,000 financing ]]> https://www.proactiveinvestors.com/companies/news/101563/alta-vista-surges-86-after-receiving-tsx-venture-approval-for-300000-financing-54434.html Alta Vista Ventures (CVE:AVV) said it has received approval from the TSX Venture Exchange for its $300,000 private placement financing announced earlier this month, the proceeds of which will be used for general working capital and its portfolio of projects. Shares soared nearly 86% on the back of the news, to 13 Canadian cents.

The company said it would issue 6.0 million units at a price of 5 cents apiece. Each unit will be made up of one common share and one share purchase warrant, which entitles the holder to purchase an additional share at a price of 7.5 cents until May 30, 2015.

According to Alta Vista's statement, president and director Ian Foreman paricipated in the latest placement, acquiring 1.3 million units and increasing his stake to nearly 15% of the company.

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

Last month, the company said that its partner on its Carol project in Mexico, Tosca Mining, has entered into a contract with Layne De Mexico to undertake a drill program on the property. Drilling was expected to begin at the end of April. The initial campaign, which will be the first ever drill program on the property, will consist of 5 to 7 holes, totaling 500 to 700 metres. 

The property is located about 4 km from the Piedras Verdes porphyry deposit, Mexico's third largest copper producer at more than 70 million pounds per year. 

Alta Vista also in May completed a share consolidation on a 2:1 basis,  leaving the company with a total of 5.1 million shares issued and outstanding. 

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Thu, 29 May 2014 15:10:00 -0400 https://www.proactiveinvestors.com/companies/news/101563/alta-vista-surges-86-after-receiving-tsx-venture-approval-for-300000-financing-54434.html
<![CDATA[News - Alta Vista Ventures raising up to $300,000 for portfolio of projects ]]> https://www.proactiveinvestors.com/companies/news/101307/alta-vista-ventures-raising-up-to-300000-for-portfolio-of-projects-54080.html Alta Vista Ventures (CVE:AVV) is raising up to $300,000 through a non-brokered private placement, the company said Tuesday. 

The placement will be made up of 6 million units at 5 cents apiece. Each unit will consist of one common share and one share purchase warrant, with every warrant good for an additional share at a price of 7.5 cents for one year.

The company said proceeds would be used for ongoing work programs at its portfolio of properties and on general working capital needs.

The financing still needs the approval of the TSX Venture Exchange.

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

Last month, the company said that its partner on its Carol project in Mexico, Tosca Mining, has entered into a contract with Layne De Mexico to undertake a drill program on the property. Drilling was expected to begin at the end of April. The initial campaign, which will be the first ever drill program on the property, will consist of 5 to 7 holes, totaling 500 to 700 metres. 

The property is located about 4 km from the Piedras Verdes porphyry deposit, Mexico's third largest copper producer at more than 70 million pounds per year. 

Alta Vista also last week completed a share consolidation on a 2:1 basis,  leaving the company with a total of 5.1 million shares issued and outstanding. Shares were trading at 5.5 cents on Tuesday afternoon.

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Tue, 13 May 2014 15:33:00 -0400 https://www.proactiveinvestors.com/companies/news/101307/alta-vista-ventures-raising-up-to-300000-for-portfolio-of-projects-54080.html
<![CDATA[News - Alta Vista completes share consolidation ]]> https://www.proactiveinvestors.com/companies/news/101248/alta-vista-completes-share-consolidation-54011.html Alta Vista Ventures (CVE:AVV) said it has received approval from the TSX Venture Exchange to consolidate its shares as planned, on a 2:1 basis. 

Alta Vista said there would be no change of name or symbol tied with the consolidation. 

The company's consolidated shares began trading today on the TSX Venture Exchange, leaving Alta Vista with a total of 5.1 million shares issued and outstanding. The stock was trading steady at 4.5 cents on Friday morning.

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

Last month, the company said that its partner on its Carol project in Mexico, Tosca Mining, has entered into a contract with Layne De Mexico to undertake a drill program on the property. Site preparation is now underway, with drilling expected to begin by the end of April, Alta Vista said. The initial campaign, which will be the first ever drill program on the property, will consist of 5 to 7 holes, totaling 500 to 700 metres. 

The property is located about 4 km from the Piedras Verdes porphyry deposit, Mexico's third largest copper producer at more than 70 million pounds per year. 

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Fri, 09 May 2014 11:34:00 -0400 https://www.proactiveinvestors.com/companies/news/101248/alta-vista-completes-share-consolidation-54011.html
<![CDATA[News - Alta Vista to consolidate its shares on a 2:1 basis ]]> https://www.proactiveinvestors.com/companies/news/100997/alta-vista-to-consolidate-its-shares-on-a-21-basis-53655.html Alta Vista Ventures (CVE:AVV) is planning to consolidate its shares on a 2:1 basis, leaving it with approximately 5.1 million shares issued and outstanding.

The company intends to consolidate its outstanding share capital on a 2 old for 1 new basis, subject to TSX Venture Exchange approval. 

Alta Vista said there would be no change of name or symbol tied with the consolidation. 

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

Earlier this month, the company said that its partner on its Carol project in Mexico, Tosca Mining, has entered into a contract with Layne De Mexico to undertake a drill program on the property. Site preparation is now underway, with drilling expected to begin by the end of April, Alta Vista said. The initial campaign, which will be the first ever drill program on the property, will consist of 5 to 7 holes, totaling 500 to 700 metres. 

The property is located about 4 km from the Piedras Verdes porphyry deposit, Mexico's third largest copper producer at more than 70 million pounds per year. 

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Fri, 25 Apr 2014 09:18:00 -0400 https://www.proactiveinvestors.com/companies/news/100997/alta-vista-to-consolidate-its-shares-on-a-21-basis-53655.html
<![CDATA[News - Alta Vista preps for first ever drill program at Carol property ]]> https://www.proactiveinvestors.com/companies/news/100748/alta-vista-preps-for-first-ever-drill-program-at-carol-property-53315.html Alta Vista Ventures (CVE:AVV) said Wednesday that its partner on its Carol project in Mexico, Tosca Mining, has entered into a contract with Layne De Mexico to undertake a drill program on the property.

Site preparation is now underway, with drilling expected to begin by the end of April, Alta Vista said. The initial campaign, which will be the first ever drill program on the property, will consist of 5 to 7 holes, totaling 500 to 700 metres. 

The work will be designed to investigate the continuity and extent of near-surface skarn mineralization, as well as possible porphyry-style mineralization at depth.

The program will focus on the Balde Sur area, the company said, where previous work by Alta Vista found widespread polymetallic skarn-style mineralization, outlined in two zones. Recent chip samples from trenches in these areas returned 8 metres of 1.06% copper, 22.5 grams per tonne (g/t) silver, 11.87% zinc and 0.26 g/t gold, as well as 11 metres of 0.38% copper, 22.4 g/t silver, 0.48% zinc and 0.08 g/t gold. 

The property is located about 4 km from the Piedras Verdes porphyry deposit, Mexico's third largest copper producer at more than 70 million pounds per year. 

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

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Wed, 09 Apr 2014 13:53:00 -0400 https://www.proactiveinvestors.com/companies/news/100748/alta-vista-preps-for-first-ever-drill-program-at-carol-property-53315.html
<![CDATA[News - Alta Vista Ventures plans next phase of work at Carol; inks finder's fee deal to help search for Mexican projects ]]> https://www.proactiveinvestors.com/companies/news/99961/alta-vista-ventures-plans-next-phase-of-work-at-carol-inks-finders-fee-deal-to-help-search-for-mexican-projects-52175.html Alta Vista Ventures (CVE:AVV) said Wednesday that after its optionee, Tosca Mining, recently released the results of follow-up work at their Carol project in Mexico, the two companies are now planning the next phase of exploration, which is anticipated to begin at the end of March.

The Carol project sits 5 km northeast of the producing Piedras Verdes mine, Mexico's third largest copper producer at more than 70 million pounds per year. 

The company also told investors that as a result of its continued presence in Hermosillo, it has signed a finder's fee agreement with a private foreign entity to help in its search for advanced projects in western Mexico. 

If expenditures and field visits should be required during this process, those costs will be covered, and should a deal be completed on a project found by Alta Vista, a success fee based on the purchase/option of the project will be payable to the company, it said.

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

The company said Wednesday it continues to seek partners for its projects, with confidentiality agreements signed and tours conducted with a number of companies over the last couple of months.

Separately, Alta Vista said that Lindsay Bottomer has resigned from its board of directors, citing no reason for the departure. 

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Wed, 19 Feb 2014 14:55:00 -0500 https://www.proactiveinvestors.com/companies/news/99961/alta-vista-ventures-plans-next-phase-of-work-at-carol-inks-finders-fee-deal-to-help-search-for-mexican-projects-52175.html
<![CDATA[News - Alta Vista Ventures reports high grades from channel sampling at Carol project ]]> https://www.proactiveinvestors.com/companies/news/99586/alta-vista-ventures-reports-high-grades-from-channel-sampling-at-carol-project-51568.html Alta Vista Ventures (CVE:AVV) provided investors Monday with an update on its Carol project in Mexico, releasing results from exploration work recently conducted by the company on behalf of its optionee Tosca Mining. 

The Carol project sits 5 km northeast of the producing Piedras Verdes mine, Mexico's third largest copper producer at more than 70 million pounds per year. 

Tosca, the optionee of the property, released the latest trenching results, which confirm the quality of past work performed and will help in targeting drill holes to test mineralization at depth. No previous drilling has been carried out on the asset. 

Alta Vista identified widespread polymetallic mineralization in two mineralized zones at the property, Balde Norte, which measures 700 by 180 metres, and Balde Sur, which measures 1,100 by 400 metres. In 2008, five trenches were dug in the northern zone, while 12 were completed in the southern area. 

The most recent work, said the company, reopened select portions of two of these trenches in Blade Sur to validate past results in preparation for a proposed drill program. Alta Vista said that continuous chip channel sampling confirmed the presence of significant mineralization in both trenches. 

In BS-06, an intercept of 8 metres returned 1.06% copper, 22.5 grams per tonne (g/t) silver, 11.87% zinc and 0.26 g/t gold, while BS-08 intersected 11 metres of 0.38% copper, 22.4 g/t silver, 0.48% zinc and 0.08 g/t gold. 

In addition, two grab samples taken from historic workings at the site, in the immediate surroundings of BS-06,  returned high grade results, including 7% copper, 94.3 g/t silver, 34% zinc and 0.61 g/t gold, as well as 3.7% copper, 30. 3 g/t silver, 19% zinc and 0.67 g/t gold. 

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

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Mon, 27 Jan 2014 14:18:00 -0500 https://www.proactiveinvestors.com/companies/news/99586/alta-vista-ventures-reports-high-grades-from-channel-sampling-at-carol-project-51568.html
<![CDATA[News - Alta Vista Ventures: project generator withstands downturn, readies for upturn ]]> https://www.proactiveinvestors.com/companies/news/99414/alta-vista-ventures-project-generator-withstands-downturn-readies-for-upturn-51295.html Alta Vista Ventures (TSX-V:AVV) is well-positioned to catch the market when it rebounds.

Perhaps most crucial to the Vancouver-based explorer's success is the project generator business model the company uses to develop its properties. This model diverges from the classic cycle of money-raising in order to fund drill programs, and subsequent publication of results in order to raise more money.

“We don't do that,” says president and director Ian Foreman. “We find other companies to spend their money on our projects.”

Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration. 

And as Foreman says, the fact that Alta Vista is often paid partially in shares gives the company more of a stake than ever in seeing its partners succeed.

“We work with our optionees to create value to enable them to have success. We become shareholders in our optionees and that typically works very well.”

In addition, Alta Vista tends to be the operator of the properties they option out, a practice Foreman says benefits the optionee. “We have local expertise on the property, so we're utilizing our expertise on their behalf.” Alta Vista succeeds with its “boots on the ground” in Mexico, providing its optionees with “not just the property but the geological expertise onsite.”

While optionees fund the exploration and take on the risk involved, the properties remain owned 100 per cent by Alta Vista until optionees have completed their portion of the earn-in, a scenario which reduces risk to Alta Vista’s shareholders.

This business model, which has the advantage of keeping a lid on the potential for share dilution, has another marked advantage with exploration on the company's projects conducted by its own staff yet funded by optionees. “Our burn rate gets dramatically reduced.”

Indeed, the company had no need of raising financing for a length of time other explorers can only envy. “We did not finance for four years,” says Foreman, “and that shows the power of the model.”

Before late last year's offering of 1,280,000 units at a price of $0.05 apiece as the first tranche of its current non-brokered private placement financing, the company's last financing took place in early 2010. 

In the intervening period, the company was self-funded, with revenue in excess of $300,000 per year, while optionee-funded exploration reached $500,000 per year.

Alta Vista also benefits from share trade arrangements with optionees; the strategic sale of shares of other companies helped fund Alta Vista through to the end of 2012.

Foreman cites the business model and the low burn rate as reasons for the lean and mean company Alta Vista has become, well-placed for what he sees as the sector’s imminent and speedy return to prosperity.

“The market always returns more quickly than it went down,” says the company president, and it is a return that he sees as likely to benefit project generators first.

This is to say nothing of the quality of the projects themselves. “We have the calibre of projects that attracts attention,” says Foreman of the company's seven projects, all located in Mexico.

For example, the Orofino property is in an area that is seen as a regional play developing in the surrounding district.  Alta Vista has a number of confidentiality agreements signed with companies of various sizes and is hopeful for a deal on the property in the short term.

Results reported from the property include 2.27 g/t gold over 15.24 metres from a drill hole within the El Gato target.

“It's a quality project, good enough to be a stand-alone property for a junior company,” says Foreman.

The project is one of seven in the Alta Vista portfolio that spans gold, silver, and base metals. Its portfolio holds assets that range from early stage to more advanced, covering a variety of sizes and thus a range of expenses, all of which is integral to Alta Vista's approach, says Foreman.

“It’s good for a project generator model to have a variety of products available for option. You can never really know what people are going to be looking for.”

Of the territory in which all the company's projects are situated, Foreman is full of praise, saying that in addition to Mexico being “one of the most prolific mining countries on the planet,” mining is very much in the people's blood.

Not only is the environment cost-competitive, “you can get [permitting] done,” says Foreman.

“Mexico is one of the best places to be exploring for gold and silver. There's been mining in Mexico for over 400 years, since the Spanish arrived. Mining is part of Mexican culture -- it's engrained in their collective being.”

“It's rare” he says, to have to educate inhabitants local to the region prior to starting work on a property. “That's a big advantage.”

Another factor key to AltaVista's success in Mexico is the presence of a native Mexican on the team – Edmundo Uribe, founder of Golden Anvil S.A. de C.V., an active miner.

Uribe sits on the board with Foreman, as well as Lindsay Bottomer, VP of corporate development with Entree Gold Inc. (TSE:ETG), and David P. Hall, president of Aurizon Mines Ltd (TSE:ARZ), which was sold for $800 million in 2013. 

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Wed, 15 Jan 2014 12:52:00 -0500 https://www.proactiveinvestors.com/companies/news/99414/alta-vista-ventures-project-generator-withstands-downturn-readies-for-upturn-51295.html