FP Resources Limited

Norvista Capital Corporation
TSX VENTURE : NVV

March 31, 2016 12:08 ET

FP Resources Limited Announces Equity Interest in Norvista Capital Corporation

BEDFORD, NOVA SCOTIA--(Marketwired - March 31, 2016) - FP Resources Limited ("FP") today announces that it acquired 8,333,334 common shares (the "Shares") of Norvista Capital Corporation ("Norvista") (TSX VENTURE:NVV) pursuant to a non-brokered private placement at a price of $0.12 per Share for $1,000,000. The acquisition of common shares of Norvista occurred as part of a non-brokered private placement of 27,708,332 common shares of Norvista that was announced on March 22, 2016, and closed on March 29, 2016.

Prior to the transaction, FP owned 4,000,000 common shares of Norvista representing approximately 9.16% of the issued and outstanding common shares of Norvista. Upon completion of the transaction, the 12,333,334 common shares owned by FP represent approximately 17.28% of the issued and outstanding common shares of Norvista. Depending on market and other conditions, or as future circumstances may dictate, FP may from time to time increase or decrease its holdings of common shares or other securities of Norvista.

This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report in respect of this transaction will be available on Norvista's issuer profile on SEDAR at www.sedar.com.

Contact Information

  • FP Resources Limited
    Stanley Spavold
    Secretary Treasurer
    757 Bedford Highway
    Bedford, Nova Scotia B4A 327
    902-443-0550