1
EXHIBIT 1.01
SUPPLEMENTAL WARRANT INDENTURE
This Supplemental Warrant Indenture is made as of November 1, 1996,
BETWEEN:
VISTA GOLD CORP., a company amalgamated under the laws of the
Province of British Columbia, having its head office at Xxxxx
0000, 000 Xxxxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx, X.X.X. 00000
(the "Company")
AND:
MONTREAL TRUST COMPANY OF CANADA, a trust company incorporated
under the laws of Canada, having an office at 000 Xxxxxxx
Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0
(the "Trustee").
WHEREAS:
A. Granges Inc. ("Granges") and the Trustee entered into a
Warrant Indenture (the "Indenture") dated as of April 25, 1996
providing for the creation and issue of 4,849,900 common share
purchase warrants (the "Warrants");
B. Pursuant to the terms of the Amalgamation Agreement dated
September 16, 1996 between Granges and Da Capo Resources Ltd.
("Da Capo"), Granges and Da Capo amalgamated as one company on
November 1, 1996 under the name "Vista Gold Corp.";
C. Section 5.5 of the Indenture requires the corporation formed
by the amalgamation to execute and deliver to the Trustee a
supplemental indenture providing that the holder of each
Warrant then outstanding shall have the right thereafter to
exercise Warrants only into the kind and amount of shares and
other securities and property receivable upon such
amalgamation by a holder of the number of shares which were
purchasable upon the exercise of the Warrants had the Warrants
been exercised immediately prior to the amalgamation;
-1-
2
NOW THEREFORE THIS SUPPLEMENTAL INDENTURE WITNESSES that, in
consideration of mutual premises and covenants of the parties, the parties
covenant and agree as follows:
1. Each Warrant outstanding upon the amalgamation shall entitle
the holder thereof to acquire on the exercise thereof one
common share in the capital of the Company as adjusted from
time to time in accordance with the Indenture.
2. All other terms and conditions of the Indenture which are not
specifically amended shall remain in full force and effect.
3. This Supplemental Warrant Indenture may be executed in any
number of original or facsimile counterparts, each of which
will be deemed to be an original but all of which together
will constitute one and the same document.
IN WITNESS WHEREOF this Supplemental Warrant Indenture is
executed as of the date first above written.
VISTA GOLD CORP.
By:
-------------------------------------
By:
-------------------------------------
MONTREAL TRUST COMPANY OF CANADA
By:
-------------------------------------
By:
-------------------------------------
-2-
