Toronto, Ontario–(Newsfile Corp. – May 6, 2016) – Norvista Capital Corporation (TSXV: NVV) ("Norvista" or the "Company") today announces that it acquired, together with Norvista Capital I Limited Partnership (the "LP"), an aggregate of 5,000,000 units (the "Units") of Minera Alamos Inc. ("Minera") (TSXV: MAI) pursuant to a non-brokered private placement at a price of $0.10 per Unit. Each Unit was comprised of one common share and one-half (½) of one common share purchase warrant (each whole such warrant, a "Warrant") of Minera. Each Warrant entitles the holder thereof to acquire one additional common share of Minera at a price of $0.15 at any time prior to May 4, 2019. The LP, which is managed by the Company, invests alongside Norvista on a pro rata basis in qualifying investments.
Prior to the transaction, Norvista owned 6,750,000 common shares of Minera representing approximately 11.7% of the issued and outstanding common shares of Minera. Upon completion of the transaction, the 11,750,000 common shares owned or controlled, directly or indirectly, by Norvista represent approximately 18.3% of Minera's issued and outstanding common shares on a non-diluted basis, and approximately 29.17% on a partially-diluted basis (assuming exercise of Norvista's and the LP's convertible securities). Depending on market and other conditions, or as future circumstances may dictate, Norvista may from time to time increase or decrease its holdings of common shares or other securities of Minera.
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 Minera's issuer profile on SEDAR at www.sedar.com.
For further information about Norvista or the LP contact:
Norvista Capital Corporation
141 Adelaide St. W., Suite 1660
Toronto, Ontario M5H 3L5
Tel: (416) 504-4171
Don Christie, President and CEO
[email protected]
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Original Article: http://www.stockhouse.com/news/press-releases/2016/05/06/norvista-capital-announces-increase-in-equity-interest-in-minera-alamos-inc
