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Norvista Capital Announces Unaudited December 31, 2021 NAV of C$0.118 per Share
Toronto, Ontario--(Newsfile Corp. - January 6, 2022) - Norvista Capital Corporation (the "Com...
About this update from Olive Resource Capital Inc.
[{"type":"text","content":"Norvista Capital Announces Unaudited December 31, 2021 NAV of C$0.118 per ShareToronto, Ontario--(Newsfile Corp. - January 6, 2022) - Norvista Capital Corporation (the \"Company\") (TSXV: NVV) is pleased to provide investors an updated, unaudited Net Asset Value (\"NAV\") per share for the month ending December 31, 2021. Management has estimated the NAV of the Company at C$0.118 per share for December 31, 2021 (Table 1). At the end of December, the Company's price per share was C$0.08.Table 1: Norvista NAV BreakdownNameTickerValue Value per ShareRockcliff Metals Corp.RCLF:CSE$5,078,100 $0.072Minera Alamos Inc.MAI:TSXv$1,429,380 $0.020Great Bear Royalties Corp.GBRR:TSXv$525,600 $0.007Other Investments & Working Capital $1,247,792 $0.018Total $8,280,872 $0.118 Samuel Pelaez, the Company's President, CEO, CIO and Director stated: \"We took advantage of a number of opportunities to allocate capital in the month of December. Many quality companies were trading at a discount because of tax loss selling. These positions benefitted from the post tax-loss selling year-end rally, which we expect to continue into January. We continue to like mispriced investment opportunities in precious metals and uranium.\"Derek Macpherson, Executive Chairman stated: \"We were pleased to see our NAV increase 16.8% in December. While the new positions selected by the current management team continued to perform well, our largest holding Rockcliff Metals was up 16.7% in December, driven by strong drill results and the end of tax loss selling. We continue to believe there is value to be unlocked in Rockcliff and look forward to the pending PEA and continued exploration results.\"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...