2016

Norvista Capital Announces Equity Interest in Nevada Zinc Corporation

TORONTO, November 24, 2016 – Norvista Capital Corporation (“Norvista”) (TSXV: NVV) announces that on November 23, 2016, it acquired 99,000 common shares (the “Shares”) of Nevada Zinc Corporation (“Nevada Zinc”) (TSXV: NZN) at an average price of $0.40 per Share through the facilities of the TSX Venture Exchange (“TSXV”). After giving effect to this purchase, Norvista now beneficially owns 8,717,499 Shares and controls and directs 666,666 Shares through Norvista Capital I Limited Partnership, which in the aggregate amounts to 9,384,165 Shares and represents approximately 14.08% of Nevada Zinc’s issued and outstanding Shares. As a result of this purchase, the number of Shares Norvista beneficially owns, or exercises control or direction over, has increased by more than 2% since the early warning report dated December 15, 2015, which was filed by Norvista in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.      

The Shares were acquired for investment purposes only, however, Norvista will review its holdings from time to time and may increase or decrease its position as future circumstances may dictate. Norvista invests in an actively managed portfolio of private and public companies engaged in both base and precious metals exploration and development.

About Norvista
Norvista is a resource based merchant bank that began operations and was listed for trading on the TSXV in June of 2014. Norvista’s strategy over the last two years has been to capitalize on the significant asset value contraction that  occurred after the collapse of the metals super cycle by making core portfolio investments and to leverage the recovery that is now occuring in selective commodity prices.  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. Norvista 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 companies. Management is of the view that current market conditions allow Norvista to significantly mitigate political and country risk by pursuing investments in some of the world’s top ranked mining jurisdictions.

For further information contact:
Norvista Capital Corporation 
141 Adelaide Street West, Suite 1660
Toronto, Ontario M5H 3L5
Tel: (416) 504-4171

Don Christie, President and CEO
dchristie@norvistacapital.com

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy of this release.

 

Forward-Looking Information
CAUTIONARY STATEMENT: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the ability of Norvista to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Norvista cannot assure shareholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Norvista nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. Norvista does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

Norvista Capital Announces Closing of Limited Partnership Financing

 

TORONTO, April 6, 2016 – Norvista Capital Corporation (“Norvista” or the “Company”) (TSX-V: NVV) is pleased to announce that Norvista Capital I Limited Partnership (the “LP”) has closed its previously announced financing (the “Financing”) in the amount of $3,150,000. The LP, which is managed by the Company, will invest alongside Norvista on a pro rata basis in qualifying investments.  Norvista and the LP invested in the recent, oversubscribed $2,000,000 equity financing by Nevada Zinc Corporation (TSX-V: NZN) which closed on March 31, 2016. The LP, under the management of Norvista, will use the net proceeds from the Financing to invest in both public and private companies engaged in the exploration and development of base and precious metal projects in the junior resource sector and for general working capital purposes.

The Company also announces effective today that the board of directors of Norvista have granted a total 1,775,000 stock options to certain officers and directors pursuant to the Company’s incentive stock option plan. Of the stock options granted, 1,175,000 vest on the date of issuance with the remaining 600,000 vesting over the next 12 months based upon the satisfaction of certain performance criteria.. The options are exercisable at a price of $0.20 per common share and expire on April 6, 2021.

About Norvista

 

Norvista is a resource based merchant bank that began operations and was listed for trading on the TSX VentureExchange 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 base 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 companies. Management 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 about Norvista or the LP 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 TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.

Nevada Zinc Announces Closing of $2,000,000 Financing

Toronto, Ontario (March 31, 2016) – Further to its news releases dated March 15, 16 and 23, 2016, Nevada Zinc Corporation (the “Company”) (TSX-V: NZN) is pleased to announce the completion of its previously announced non-brokered private placement for gross proceeds of $2,000,000 (the “Offering”) through the sale of 6,666,665 common shares in the capital stock of the Company (the “Shares”) at a price of $0.30 per Share.

In connection with the Offering, a finder’s fee (the “Finder’s Fee”) was paid to certain eligible finders in an amount equal to 8% of the Offering. The Finder’s Fee was comprised of $19,116 in cash and 469,613 common shares of the Company, at a deemed value of $0.30 per common share.  In addition, an aggregate of 533,333 non-transferrable share purchase warrants (“Finder’s Warrants”) were issued in an amount equal to 8% of the number of Shares placed by eligible finders pursuant to the Offering. Each Finder’s Warrant, which has an expiry date of March 31, 2018, entitles the holder to acquire one common share of the Company at an exercise price of $0.30 per common share.

All Shares are subject to a statutory four month and one day hold period expiring on August 1, 2016.

The net proceeds of the Offering will be used for exploration, metallurgical test work and general working capital purposes.

Norvista Capital Corporation (“Norvista”), an insider of the Company by virtue of its beneficial ownership of securities of the Company carrying more than 10% of the voting rights attached to all the Company’s outstanding voting securities, purchased 666,666 Shares pursuant to the Offering. Norvista Capital I Limited Partnership (“LP”), an institutional funding vehicle, of which a wholly-owned subsidiary of Norvista serves as the general partner of the LP, purchased 666,666 Shares pursuant to the Offering. Norvista now has beneficial ownership of, or control or direction over, an aggregate of 8,597,665 common shares of the Company or approximately 13% of the total common shares issued and outstanding. The participation of Norvista pursuant to the Offering constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX-V. The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 on the basis that the Company is not listed on a specified stock exchange and, at the time the Offering was agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Offering, exceeded 25% of the Company’s market capitalization calculated in accordance with MI 61-101. The Company was not in a position to file a material change report more than 21 days in advance of the closing of the Offering as the details of participation by Norvista was not known at such time.

 

About Nevada Zinc Corporation

The Company is a discovery driven, early-stage mineral exploration company with a proven management team focused on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders. The Company’s existing projects are located in Nevada and Yukon.

 

 

 

 

For further information contact:

 

Nevada Zinc Corporation

141 Adelaide St. West, Suite 1660

Toronto, Ontario M5H 3L5

Tel: 416.504.8821

Bruce Durham, President and CEO

bdurham@nevadazinc.com

 

www.nevadazinc.com  

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Norvista Capital Announces Closing of $3,325,000 Equity Financing

TORONTO, March 29, 2016 – Norvista Capital Corporation (“Norvista” or the “Company”) (TSX-V: NVV) is pleased to announce that it has completed its previously announced non-brokered private placement (the “Offering”). Pursuant to the Offering, Norvista issued 27,708,332 common shares (the “Offered Shares”) at a price of $0.12 per Offered Share for aggregate gross proceeds to Norvista of $3,325,000. The net proceeds of the Offering will be used by the Company to invest in both public and private companies engaged in the exploration and development of base and precious metal projects in the junior resource sector and for general working capital purposes.

The Offered Shares issued pursuant to the Offering are subject to a four month and one day hold period expiring on July 30, 2016.

Stan Spavold, Chairman, Don Christie, CEO & Director and Bruce Durham, Managing Director and Director of Norvista, purchased an aggregate of 1,458,332 Offered Shares pursuant to the Offering. Upon completion of the Offering, Messers. Spavold, Christie and Durham hold an aggregate of 2,661,695 common shares of Norvista or approximately 3.73% of the total common shares issued and outstanding. The participation of these officers and directors pursuant to the Offering constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX-V. The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 on the basis that the Company is not listed on a specified stock exchange and, at the time the Offering was agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Offering, exceeds 25% of the Company’s market capitalization calculated in accordance with MI 61-101. The Company was not in a position to file a material change report more than 21 days in advance of the closing of the Offering as the details of participation of the interested parties were not known at such time.

 

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 base 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 companies. Management 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.

Since inception, Norvista has completed four strategic investments. The Company owns a 12.2% undiluted interest in Nevada Zinc Corporation (TSX-V: NZN) the owner of a highly prospective zinc exploration project in Eureka, Nevada. On March 15, 2016, Nevada Zinc announced an equity financing to fund its 2016 exploration program, metallurgical testing and for general working capital purpoes. Management of Norvista hold senior officer positions as well as board seats at Nevada Zinc. Nevada Zinc recently purchased the Mountain View mine, a past producing zinc mine in the centre of its property and has completed 36 drill holes on the Lone Mountain property. The assay results from all three drill programs to-date have been very positive.

The Company also owns a 19.9%, fully diluted ownership interest in Minera Alamos Inc. (TSX-V: MAI) the owner of an open pit, high-grade copper/molybdenum resource in Sonora, Mexico. On January 18, 2016, Minera Alamos announced that they had entered into a binding letter of intent to acquire the La Fortuna gold project located in the State of Durango, Mexico. La Fortuna has the potential to be a high grade, open pit gold mine. It is expected that a construction decision, if deemed appropriate by Minera Alamos management, can be made later this year. Norvista is actively involved in Minera Alamos through its board representation.

Norvista holds an 80% ownership interest in Akuna Minerals Inc., a private company with a pre-production, highgrade copper project in northern Manitoba. Norvista’s investment in Akuna funded the acquisition of the property and will assist in the funding of the cost of the project’s feasibility study.

The Company also has an investment in Petrowolf, LLC, a private oil and gas exploration company with properties located in the Permian Basin in Texas. Petrowolf has acquired a significant land portfolio from the proceeds of its initial financing which was subscribed to by Norvista. Petrowolf recently completed a US$7 million second round financing in order to fund its initial drill program in Q1 of 2016 and to acquire additional exploration property.

 

For further information about Norvista or the Offering 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 TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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 news release includes statements made herein with respect to, among other things, the Company’s objectives, goals or future plans, the future plans, objectives and activities of the Company, potential corporate and/or share acquisitions, exploration results, potential mineralization, exploration and mine development plans with respect to the Company’s investee companies, timing of the commencement of operations, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, exploration results being less favourable than anticipated, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, risks associated with the defence of legal proceedings and other risks involved in the mineral exploration and development industry, as well as those risks set out in the Company’s public disclosure documents filed on SEDAR. Although the Company believes that management’s assumptions used to develop the forward-looking information in this news release are reasonable, including that, among other things, the investee companies will be able to identify and execute on opportunities to acquire mineral properties, exploration results will be consistent with management’s expectations, financing will be available to such companies on favourable terms when required, and commodity prices and foreign exchange rates will remain relatively stable. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. 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.

Norvista Capital Announces $3,300,000 Equity Financing and Creation of Parallel Funding Vehicle

TORONTO, March 22, 2016 – Norvista Capital Corporation (“Norvista” or the “Company”) (TSX-V: NVV) is pleased to announce a non-brokered private placement (the “Offering”) of 27,500,000 common shares in the capital stock of Norvista (the “Offered Shares”) at a price of $0.12 per Offered Share for aggregate gross proceeds to Norvista of $3,300,000. The net proceeds of the Offering will be used by the Company to invest in both public and private companies engaged in the exploration and development of base and precious metal projects in the junior resource sector and for general working capital purposes.

Norvista is also pleased to announce the concurrent funding of a parallel institutional financing vehicle called Norvista Capital I Limited Partnership (the “LP”) that will initially raise $3,150,000 to be invested with Norvista, on a pro rata basis, in future qualifying investments. A wholly-owned subsidiary of Norvista will serve as the general partner of the LP.  The LP has been created by the Company to avoid concentrated equity ownership in Norvista while accommodating institutional investors who want to make private equity investments in the junior resource space and have such investments sourced, structured and managed by Norvista.

 The Offered Shares will be subject to a statutory four month and one day hold period from the date of closing. The completion of the Offering remains subject to the approval of the TSX-V and customary closing conditions for a transaction of this nature. The Offering is expected to close on or about March 29, 2016.

Stan Spavold, Chairman, Don Christie, CEO & Director and Bruce Durham, Managing Director and Director of Norvista, will participate in the Offering. The participation of these officers and directors pursuant to the Offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX-V. The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 on the basis that the Company is not listed on a specified stock exchange and, at the time the Offering was agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Offering, exceeds 25% of the Company’s market capitalization calculated in accordance with MI 61-101. The Company was not in a position to file a material change report more than 21 days in advance of the closing of the Offering as the details of participation of the interested parties were not known at such time.

 

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 base 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 companies. Management 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.

 

Since inception, Norvista has completed four strategic investments.  The Company owns a 12.2% undiluted interest in Nevada Zinc Corporation (TSX-V: NZN) the owner of a highly prospective zinc exploration project in Eureka, Nevada. On March 15, 2016 Nevada Zinc announced an equity financing to fund its 2016 exploration program, metallurgical testing and for general working capital purpoes.  Management of Norvista hold senior officer positions as well as board seats at Nevada Zinc.  Nevada Zinc recently purchased the Mountain View mine, a past producing zinc mine in the centre of its property and has completed 36 drill holes on the Lone Mountain property. The assay results from all three drill programs to-date have been very positive.

 

The Company also owns a 19.9%, fully diluted ownership interest in Minera Alamos Inc. (TSX-V: MAI) the owner of an open pit, high-grade copper/molybdenum resource in Sonora, Mexico.  On January 18, 2016 Minera Alamos announced that they had entered into a binding letter of intent to acquire the La Fortuna gold project located in the State of Durango, Mexico.  La Fortuna has the potential to be a high grade, open pit gold mine.  It is expected that a construction decision, if deemed appropriate by Minera Alamos management, can be made later this year.  Norvista is actively involved in Minera Alamos through its board representation.

 

Norvista holds an 80% ownership interest in Akuna Minerals Inc., a private company with a pre-production, high-grade copper project in northern Manitoba.  Norvista’s investment in Akuna funded the acquisition of the property and will assist in the funding of the cost of the project’s feasibility study.

 

The Company also has an  investment in Petrowolf, LLC, a private oil and gas exploration company with properties located in the Permian Basin in Texas. Petrowolf has acquired a significant land portfolio from the proceeds of its initial financing which was subscribed to by Norvista. Petrowolf recently completed a US$7 million second round financing in order to fund its initial drill program in Q1 of 2016 and to acquire additional exploration property.

 

 

For further information about Norvista or the Offering 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 TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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 news release includes statements made herein with respect to, among other things, the Company’s objectives, goals or future plans, the timing and the of completion of the Offering, the receipt of TSXV approval in respect of the Offering, the satisfaction of other conditions to closing of the Offering, the future plans, objectives and activities of the LP, potential corporate and/or share acquisitions, exploration results, potential mineralization, exploration and mine development plans with respect to the Company’s investee companies, timing of the commencement of operations, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, exploration results being less favourable than anticipated, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, risks associated with the defence of legal proceedings and other risks involved in the mineral exploration and development industry, as well as those risks set out in the Company’s public disclosure documents filed on SEDAR. Although the Company believes that management’s assumptions used to develop the forward-looking information in this news release are reasonable, including that, among other things, the investee companies will be able to identify and execute on opportunities to acquire mineral properties, exploration results will be consistent with management’s expectations, financing will be available to such companies on favourable terms when required, and commodity prices and foreign exchange rates will remain relatively stable. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. 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.