Business
Norvista Capital Announces July 31 2021 NAV of C$0.129 per Share
Toronto, Ontario--(Newsfile Corp. - August 9, 2021) - Norvista Capital Corporation (TSXV: NVV)...
About this update from Olive Resource Capital Inc.
[{"type":"text","content":"Norvista Capital Announces July 31 2021 NAV of C$0.129 per ShareToronto, Ontario--(Newsfile Corp. - August 9, 2021) - Norvista Capital Corporation (TSXV: NVV) (\"Norvista\") is pleased to provide investors an updated Net Asset Value (\"NAV\") per share for the month ending July 31, 2021. Management has estimated the NAV of the Company at C$0.129 per share for July 31, 2021 (Table 1). At the end of July, Norvista's price per share was C$0.10.Table 1: Norvista NAV BreakdownNameTickerValueValue per ShareRockcliff Metals Corp.RCLF (CSE) $5,440,821 $0.078Minera Alamos Inc.MAI (TSXV) $2,442,880 $0.035Other Investments & Working Capital $1,156,537 $0.016Total $9,040,238 $0.129 Samuel Pelaez, the Company's President, CEO, CIO and Director stated: \"July was a volatile month in commodity prices with lower liquidity and weaker prices in resource-linked equities. This weaker momentum gave us an opportunity to begin deploying the Company's excess capital. We have identified a new gold investment in which we have started a position.\"Derek Macpherson, Executive Chairman stated: \"Having taken over the Company just two months ago we have started the process of repositioning Norvista. Publishing the Company's NAV per share estimate is a first step in improving transparency and communication with our shareholders. On the investment front, we started reinvesting the cash that was on-hand and we continue to explore opportunities to expand the Company's assets.\"Additionally, the Company announces that its Board of Directors has approved a grant of stock options to officers, directors and consultants of the Company pursuant to the Company's Long-Term Incentive Plan. A total of 4,350,000 stock options have been granted to acquire common shares in the capital of the Company at an exercise price of $0.125 per share which expire on August 9, 2026. The stock options granted to Officers and Directors vest as follows: 25% vest immediately, 25% on the first anniversary date, 25% on second anniversary date, and 25% on the third anniversary date. The options granted to consultants vest immediately. This stock option grant is subject to acceptance by the TSX Venture Exchange.Use of Non-GAAP Financial Measures:This press release contains references to NAV or \"net asset value per share\" which is a non-GAAP financial measure. NAV is calculated as the...