TORONTO, ONTARIO--(Marketwired - Jun 27, 2014) - Gerald McCarvill, Chairman and Chief Executive Officer of Norvista Resources Corporation ("Norvista Resources") announces that on June 19, 2014, Norvista Resources proceeded to a distribution to its shareholders of 16,800,000 common shares of the 20,000,100 common shares that it held in Norvista Capital Corporation (TSX VENTURE:NVV) ("Norvista Capital"). It was only holding those shares temporarily as set forth in the Norvista Resources press release of June 6, 2014.
As a result of the distribution, Norvista Resources directly owns 3,200,100 common shares of Norvista Capital, representing approximately 7.3% of the issued and outstanding common shares of Norvista Capital.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.