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Highvista Gold terminates sale negotiations for Mexican mining assets

Highvista Gold Inc. on Jan. 18 said it has mutually agreed with Minerales y Yacimientos Mexicanos Sacreamento SA de CV to end sale negotiations for its Mexican mining exploration assets ahead of a reverse takeover bid by a group of third-parties and its planned exit from the mining sector.

The company is looking towards other transactions or potential operating relationships or partnerships that will maximize the value of the assets prior to the completion of the reverse takeover.

Highvista is in advanced negotiations with a group of third-parties that will complete a reverse takeover of the company and develop a merchant bank primarily focused on the Canadian real estate sector.