- Norvista Capital Corporation’s (NVV) board of directors of has approved a vertical amalgamation with its wholly owned subsidiary, Olive Resource Capital Inc.
- After the unification, the company’s name will change from “Norvista Capital Corporation” to “Olive Resource Capital Inc.” and will change its name to such
- Norvista is a resource focused merchant bank and investment company with a portfolio of publicly listed securities issued by companies engaged in precious and base metal exploration and development
- Norvista Capital also announces that it has sponsored the launch of Olive Resource Capital Flow-Through Limited Partnership (“FTLP”)
- Norvista Capital has also entered a binding Letter of Intent (LOI) and after the tax renunciations to the partners have been made, the company will acquire the assets of the FTLP in exchange for shares of Norvista Capital
- Norvista Capital Corporation (NVV) is up 5.556 per cent and is trading at $0.095 per share at 2:09 p.m. ET.
Norvista Capital Corporation’s (NVV) board of directors has approved a vertical amalgamation with its wholly-owned subsidiary, Olive Resource Capital Inc.
After the unification, the company’s name will change from “Norvista Capital Corporation” to “Olive Resource Capital Inc.”
The stock symbol on the TSX Venture Exchange will change from “NVV” to “OC” and is still subject to approval.
Norvista is a resource focused merchant bank and investment company with a portfolio of publicly listed securities issued by companies engaged in precious and base metal exploration and development
Derek Macpherson, Executive Chairman remarked,
“Olive trees are one of the longest-lived fruit trees, that survive in some of the harshest environments and provide fruit for their owners for generations.”
Macpherson said it might seem like an “unusual choice” but the name fits the company’s focus.
“This is our objective for the company… While junior mining can be a challenging sector to invest in, our plan is to build Olive Resource Capital to thrive in all parts of the commodity cycle and provide long-term returns for our shareholders,” he said
Norvista Capital also announces that it has sponsored the launch of Olive Resource Capital Flow-Through Limited Partnership (“FTLP”).
Norvista Capital through the newly formed subsidiary, Olive Resource Capital G.P. Ltd. will act as the general partner of the FTLP.
The general partner has entered into agreements with a third-party portfolio manager, and a third-party Investment Fund Manager to manage the affairs of the FTLP.
Norvista Capital has also entered a binding Letter of Intent (LOI) and after the tax renunciations to the partners have been made, the company will acquire the assets of the FTLP in exchange for shares of Norvista Capital.
Samuel Pelaez, President, CEO, CIO and Director of Norvista Capital, commented “besides ultimately expanding the asset base of the company, the flow-through limited partnership will allow the company to diversify its investment portfolio over the medium-term, a key element of our strategy to move the company forward.”
Norvista Capital Corporation (NVV) is up 5.556 per cent and is trading at $0.095 per share at 2:09 p.m. ET.
