Norvista Capital Announces November 30, 2021 NAV of C$0.101 per Share

About this update from Olive Resource Capital Inc.

[{"type":"text","content":"Norvista Capital Announces November 30, 2021 NAV of C$0.101 per ShareToronto, Ontario--(Newsfile Corp. - December 6, 2021) - Norvista Capital Corporation (TSXV: NVV) (the \"Company\") is pleased to provide investors an updated Net Asset Value (\"NAV\") per share for the month ending November 30, 2021. Management has estimated the NAV of the Company at C$0.101 per share for November 30, 2021 (Table 1). At the end of November, the Company's price per share was C$0.075.Table 1: Norvista NAV BreakdownNameTickerValueValue per Share Rockcliff Metals Corp.RCLF:CSE$3,989,936$0.057 Minera Alamos Inc.MAI:TSXv$1,642,680$0.023 Great Bear Royalties Corp.GBRR:TSXv$532,602$0.008 Other Investments & Working Capital$916,517$0.013 Total$7,081,735 $0.101  Samuel Pelaez, the Company's President, CEO, CIO and Director stated: \"The month of November saw big swings and high volatility in commodity markets. Expectations for Central Bank policy changes led to intra-month repositioning. In spite of these moves, mining equities ended roughly unchanged for the month. Tax loss continued to negatively affect the lesser liquid equities.\"Derek Macpherson, Executive Chairman stated: \"Despite strong share price performance from Great Bear Royalties and the liquid portion of our portfolio performing well, some of our legacy core investments (Rockcliff and Nevada Zinc) all appeared to be victims of tax loss selling. In particular, Rockcliff which announced a new resource at Bur (see release here) and drill results from Copperman (see release here) saw share price declines month-over-month despite these positive fundamental catalysts.We expect these fundamental catalysts to eventually be reflected in the share price, as tax loss selling ends later this month.\"Derek Macpherson, Executive Chairman of Norvista is a director of Rockcliff Metals.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 value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no co...

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