Artemis Gold to Acquire Vista Gold

Paul, Weiss is advising Canada-based Artemis Gold Inc. on its all-stock acquisition of Vista Gold Corp., owner of the multimillion-ounce Mt Todd gold project in Northern Territory, Australia. Under the agreement, Artemis Gold will acquire all Vista Gold shares that it does not already own, for 0.0966 of its own common shares per Vista Gold common share, valuing the acquired company at about $427 million. The transaction, to be executed via a court-approved plan of arrangement, is expected to close in the January 2027, pending customary closing conditions and approvals.

The Paul, Weiss team is led by corporate partner Christopher Cummings and includes counsel Stephen Centa, tax partner Jim Cole; and executive compensation partner Rebecca Coccaro.