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Norvista Capital Announces October 31, 2021 NAV of C$0.116 per Share
Toronto, Ontario--(Newsfile Corp. - November 10, 2021) - Norvista Capital Corporation (TS...
About this update from Olive Resource Capital Inc.
[{"type":"text","content":"Norvista Capital Announces October 31, 2021 NAV of C$0.116 per ShareToronto, Ontario--(Newsfile Corp. - November 10, 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 October 31, 2021. Management has estimated the NAV of the Company at C$0.116 per share for October 31, 2021 (Table 1). At the end of October, the Company's price per share was C$0.095.Table 1: Norvista NAV BreakdownNameTickerValueValue per ShareRockcliff Metals Corp.CSE: RCLF $5,078,100 $0.072 Minera Alamos Inc.TSXV: MAI $1,764,100 $0.025 Great Bear Royalties Corp.TSXV: GBRR $517,926 $0.007 Other Investments & Working Capital $794,638 $0.011 Total $8,154,765 $0.116  Samuel Pelaez, the Company's President, CEO, CIO and Director stated: \"I am happy to report that the Company was able to increase its NAV during the month of October. This past month saw tremendous downside volatility as some investors appear to have taken advantage of tax loss selling. A number of our investments provided positive returns on the absolute and relative to the market, which validated our investment selection process. \"Derek Macpherson, Executive Chairman stated: \"I am happy to see Norvista's NAV increase month-over-month, primarly driven by a strong performance from Great Bear Royalties. Corporately, we remain focused on expanding our asset base and increasing our capital markets profile. The launch of the Olive Resource Capital Flow Through Limited Partnership and the planned name change are both positive steps forward for the Company.\"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 comparable GAAP financial measure presented in the Company's consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information us...