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Norvista Capital Announces September 30, 2021 NAV of C$0.113 per Share
Toronto, Ontario--(Newsfile Corp. - October 4, 2021) - Norvista Capital Corporation (TSXV: NVV...
About this update from Olive Resource Capital Inc.
[{"type":"text","content":"Norvista Capital Announces September 30, 2021 NAV of C$0.113 per ShareToronto, Ontario--(Newsfile Corp. - October 4, 2021) - Norvista Capital Corporation (TSXV: NVV) (\"Norvista\") is pleased to provide investors an updated Net Asset Value (\"NAV\") per share for the month ending September 30, 2021. Management has estimated the NAV of the Company at C$0.113 per share for September 30, 2021 (Table 1). At the end of September, Norvista's price per share was C$0.08.Table 1: Norvista NAV BreakdownNameTickerValueValue per ShareRockcliff Metals Corp.RCLF:CSE$4,715,379$0.067Minera Alamos Inc.MAI:TSXv$1,820,190$0.026Great Bear Royalties Corp.GBRR:TSXv$381,452$0.005Other Investments & Working Capital$996,845$0.014Total$7,913,865$0.113  Samuel Pelaez, the Company's President, CEO, CIO and Director stated: \"Global liquidity continued to tighten in September on mounting concerns over credit defaults. This dynamic led to higher yield on debt instruments and a higher US dollar value. Gold and copper prices declined in that environment, leading to weaker stock prices for Norvista's holdings. This weakness was offset by gains on the Company's smaller uranium equity positions and the appreciation of its position in Great Bear Royalties.\"Derek Macpherson, Executive Chairman stated: \"While weaker share prices impacted our month-end NAV, management remains focused on expanding Norvista's asset base and closing the share price's discount to NAV. We expect October to be a busy month on this front and we look forward to updating the market on these initiatives in the near term.\"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 useful to its shareholders in understanding ...