Norvista Capital Corporation
TSX VENTURE : NVV

Nevada Zinc Corporation
TSX VENTURE : NZN

December 01, 2015 16:00 ET

Norvista Capital Announces Equity Interest in Nevada Zinc Corporation

TORONTO, ONTARIO--(Marketwired - Dec. 1, 2015) - Norvista Capital Corporation ("Norvista") (TSX VENTURE:NVV) announces that on September 8, 2015, it acquired 10,000 common shares (the "Shares") of Nevada Zinc Corporation ("Nevada Zinc") (TSX VENTURE:NZN) at a price of $0.27 per Share through the facilities of the TSX Venture Exchange ("TSXV"). After giving effect to this purchase, Norvista owned, in the aggregate, 5,936,333 Shares, representing approximately 10.02% of Nevada Zinc's issued and outstanding Shares.

The Shares were acquired for investment purposes only, however, Norvista will review its holdings from time to time and may increase or decrease its position as future circumstances may dictate. Norvista invests in an actively managed portfolio of private and public companies engaged in both base and precious metals exploration and development, with an investment strategy aimed to take advantage of the significant asset value compression in the resource sector over the past several years.

About Norvista

Norvista is a resource based merchant bank that began operations and was listed for trading on the TSX Venture Exchange in June of 2014. Norvista's strategy is to capitalize on the significant asset value contraction that has occurred over the last several years in the resource industry, with particular emphasis on base metal projects. Norvista focuses its efforts on the pursuit of highly prospective exploration projects while balancing exploration risk through investment in small to mid-scale, pre-production, opportunities requiring partial or full completion of feasibility studies. Norvista takes a proactive role with its investee companies and in the majority of cases assumes management or advisory roles and/or seats on the board of directors of these companies. Management is of the view that current market conditions allow Norvista to significantly mitigate political and country risk by pursuing investments in some of the world's top ranked mining jurisdictions.

CAUTIONARY STATEMENT: Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Norvista Capital Corporation
    390 Bay Street, Suite 612
    Toronto, Ontario M5H 2Y2
    (416) 504-4171

    Norvista Capital Corporation
    Don Christie
    President and CEO
    dchristie@norvistacapital.com