|By Marketwired .||
|June 6, 2014 04:34 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/06/14 -- Donald Christie, President and Chief Operating Officer of Norvista Capital Corporation (TSX VENTURE:NVV) ("Norvista Capital"), announces that it has acquired 982,046 common shares of X-Terra Resources Inc. pursuant to the Reverse Take-Over Transaction ("RTO") with X-Terra Resources Corporation described in the Norvista Capital/X-Terra Resources Corporation joint press release of June 5, 2014. The RTO is fully described in the Management Information Circular of X-Terra Resources Corporation dated April 28, 2014 and filed on SEDAR.
As a result of the RTO, Norvista Capital directly owns 982,046 common shares of X-Terra Resources Inc., representing approximately 16% of the issued and outstanding common shares of X-Terra Resources Inc.
About Norvista Capital
Norvista Capital is a merchant bank focused on the resources sector, founded by experienced mining executives and financiers. Its primary focus is to make significant investments in a limited number of resource companies or projects. On a selective basis, Norvista Capital may also perform investment banking, M & A and other advisory services in the resources sector.
This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the ability of Norvista Capital to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements, including risks disclosed in filings with the Canadian securities regulators made by Norvista Capital. No assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Norvista Capital would derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements.
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.