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Highvista Gold unloads Mexican mining assets, directors resign

Highvista Gold Inc. fully sold its Mexican subsidiary, Minera Cascada de Oro SA de CV, which controls various mining properties in the Sonora state.

Minera Cascada was owned through the company's wholly owned subsidiaries, Highvista Gold Corp. and Lowvista Gold Corp.

The purchaser assumed all of the liabilities of Minera Cascada totaling about C$730,000, and the company paid about C$55,000 in legal and accounting fees.

Meanwhile, Paul Crath and Thomas Meredith resigned from the board of Highvista to pursue other interests, according to the Dec. 24 release.

In January 2017, the company ended sale negotiations for its Mexican mining exploration assets, saying it would look toward other transactions or potential operating relationships or partnerships to maximize the value of the assets before completing a reverse takeover.