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Aurvista Gold Corporation Announces Shares for Debt Agreement
(via Thenewswire.ca) Montreal, Quebec - April 10, 2013, Aurvista Gold Corporation ("Aurvist...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"\nAurvista Gold Corporation Announces Shares for Debt Agreement\n\n(via Thenewswire.ca)\n\n \nMontreal, Quebec - April 10, 2013, Aurvista Gold Corporation (\"Aurvista\" or the \"Corporation\") (TSX-V: AVA) announces that it has entered into a debt settlement agreement with Norvista Resources Corporation to settle all amounts outstanding to Norvista as of March 31, 2013, in the amount of $903,503 by way of issuance of 3,928,274 common shares of Aurvista at an issue price of $0.23 per share. Completion of the debt settlement with Norvista Resources Corporation is subject to the approval of the TSX Venture Exchange.\n\n\n \n\n\"We are very pleased with the completion of the debt conversion. The terms of the conversion were fair for both parties and this further reflects the ongoing confidence Norvista Resources Corporation has in the Douay Project. The completed conversion eliminates the risk of debt obligations as well as freeing up additional capital which can be used towards further exploring the Douay Project\" stated Bryan Keeler, CFO of Aurvista Gold Corporation. \n\n \nIn accordance with applicable securities legislation, the securities issued pursuant to the debt settlement are subject to a hold period of four months plus one day from the date of completion of the debt settlement.\n\n \n \nAbout Aurvista Gold\n\n\n \nAurvista Gold Corporation is a junior gold exploration and development company. Aurvista's principal asset is the Douay Gold Project, consisting of 298 contiguous claims totalling approximately 12,704 hectares located on the Casa Berardi Fault in northern Quebec. The Douay Project contains a NI 43-101 compliant Mineral Resource of 114,652,000 million tonnes at 0.75 g/t gold (2.8 million ounces of gold) in the Inferred category and 2,689,000 tonnes at 2.76 g/t gold (238,433 ounces of gold) in the Measured and Indicated category, at a cut-off of 0.3 g/t gold.\n\n\n \n\nForward-Looking Statements\n\n\n \nThis news release may contain forward-looking statements based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When...