17.05.2016 14:31:56
|
DGAP-News: Norvista Capital Corp
DGAP-News: Norvista Capital Corporation / Key word(s): Miscellaneous
Norvista Capital Announces Participation in Minera Alamos Financing
17.05.2016 / 14:31
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Toronto, Ontario--(Newsfile Corp. - May 17, 2016) - Norvista Capital
Corporation (TSXV: NVV) ('Norvista' or the 'Company') is pleased to
announce a combined investment of $500,000 by Norvista and Norvista Capital
I Limited Partnership ('Norvista LP') in the recently closed financing (the
'Financing') by Minera Alamos Inc. ('Minera') (TSX-V: MAI). The Financing
was closed in three tranches which in total aggregated to $4,000,000 as
described in Minera's press release dated May 16, 2016. A portion of the
proceeds from the Financing was used by Minera to fund the purchase of the
La Fortuna project, located in Durango Mexico, from Argonaut Gold Inc. La
Fortuna, an open pit gold project, which remains open at depth and along
strike, hosts measured and indicated mineral resources of 4.8 million
tonnes grading 2.0 grams per tonne gold and containing 308,100 ounces of
gold with additional silver credits presently excluded from the resource
calculation. It is Minera's intention to issue a technical report in the
next several months defining La Fortuna's project economics potentially
leading to a construction decision before the end of 2016. The combined
holdings of the Company and Norvista LP now represent 14.3% of the issued
and outstanding shares of Minera on a non-diluted basis. The Company has a
representative on the Board of Directors of Minera.
Don Christie, President and CEO of Norvista commented 'we are extremely pleased to-date with our investment in Minera based upon the substantial progress made over the last year by the experienced management team at Minera. We made our initial investment in June of 2015 and look forward to continuing our support of Minera as the company moves towards a production decision on their very promising La Fortuna open pit gold project'.
About Norvista
Norvista is a resource based merchant bank that began operations and was listed for trading on the TSX Venture Exchange in June of 2014. The Company's strategy is to capitalize on the significant asset value contraction that has occurred over the last several years in the resource industry, with particular emphasis on small to mid-scale base and precious metal projects. Norvista focuses its efforts on the pursuit of highly prospective exploration projects while balancing exploration risk through investment in small to mid-scale pre-production opportunities requiring partial or full completion of feasibility studies. The Company takes a proactive role with its investee companies and in the majority of cases assumes management or advisory roles and/or seats on the board of directors of these investee companies. Management of Norvista is of the view that current market conditions allow the Company to significantly mitigate political and country risk by pursuing investments in some of the world's top ranked mining jurisdictions.
For further information regarding Norvista and Norvista LP please contact:
Norvista Capital Corporation 141 Adelaide St. W., Suite 1660 Toronto, Ontario M5H 3L5 Tel: (416) 504-4171 Don Christie, President and CEO dchristie@norvistacapital.com
CAUTIONARY STATEMENT: Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking information that is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this press release includes reference to the the future plans of the Company's investee companies. Actual results may differ materially from such forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
Click on, or paste the following link into your web browser, to view the associated documents
http://www.newsfilecorp.com/release/20643
News Source: Newsfile
---------------------------------------------------------------------------
17.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English Company: Norvista Capital Corporation Canada ISIN: CA6688131086 End of News DGAP News Service ---------------------------------------------------------------------------
464265 17.05.2016
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Norvista Capital Corpmehr Nachrichten
Keine Nachrichten verfügbar. |