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Norvista Capital (TSXV:NVV) Announces a non-brokered Private Placement

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Norvista Capital (TSXV:NVV), a resource based merchant bank, is planning to raise funds to expand its portfolio. The company announced a non-brokered private placement of 27.5 million shares at $0.12 per share, for gross proceeds of $3.3 million. The net proceeds will be used 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.

Additional Information:

Company: Norvista Capital
Website: http://www.norvistacapital.com
Stock Symbol: TSXV: NVV
Date Published: Mar 21, 2016
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Norvista Capital (TSXV:NVV), a resource based merchant bank, is planning to raise funds to expand its portfolio.

The company announced a non-brokered private placement of 27.5 million shares at $0.12 per share, for gross proceeds of $3.3 million.

The net proceeds will be used 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.

Norvista also announced a concurrent funding of a parallel institutional financing vehicle called Norvista Capital I Limited Partnership, that will initially raise $3.15 million to be invested with Norvista on a pro rata basis.

A wholly-owned subsidiary of Norvista will serve as the general partner of the LP.

The company takes a proactive role with its investee companies and in the majority of cases assumes management or advisory roles.

Since its inception and listing in 2014, the company has completed 4 strategic investments.

The company owns a 12.2% undiluted interest in Nevada Zinc (TSXV:NZN), the owner of a highly prospective zinc exploration project in Eureka, Nevada.

It owns a 19.9%, fully diluted ownership interest in Minera Alamos (TSXV:MAI), the owner of an open pit, high-grade copper/moly resource in Sonora, Mexico.

It also owns an 80% ownership interest in Akuna Minerals, a private company with a pre-production, high-grade copper project in northern Manitoba.

Rounding out the portfolio is an investment in Petrowolf LLC, a private oil and gas exploration company with properties in the Permian Basin in Texas.

The shares are trading at $0.14 and with 43.4 million shares currently outstanding, the company is capitalized at $6.1 million.

For more information, please visit the company’s website www.norvistacapital.com or contact Don Christie, President & CEO at 416-504-4171 or email dchristie@norvistacapital.com.

I’m Samantha Deutscher for Investmentpitch Media