HALIFAX, NS, June 4, 2021 /CNW/ - Stan
Spavold ("Spavold") announces that he has disposed of
5,800,000 common shares of Norvista Capital Corporation (TSXV:
NVV) ("Norvista"), with its head office at 82 Richmond
Street East, Toronto ON M5C 1P1, for an aggregate purchase price of
$725,000 ($0.125 per share).
The common shares were sold by way of private agreement as a
result of investment considerations. Spavold may cease being a
director of Norvista in the near future as the board of directors
of Norvista is reconstituted following this disposition and other
transactions. Spavold may, from time to time, increase or
decrease his holdings of common shares of Norvista, depending on
market and other conditions.
Spavold's disposition of 5,800,000 common shares represents
approximately 8.27% of the common shares of Norvista issued and
outstanding common shares.
Immediately before the disposition, Spavold owned 10,967,371
common shares of Norvista, representing approximately 15.64% of all
issued and outstanding common shares of Norvista, and 400,000 stock
options.
Following the disposition, Spavold now own 5,167,371 common
shares of Norvista, which represents approximately 7.37% of all
issued and outstanding common shares of Norvista. If Spavold
exercises all of his options, he would hold an aggregate of
5,567,371 common shares of Norvista, representing approximately
7.89% of the issued and outstanding common shares
post-exercise.
Further details on the information above concerning Spavold may
be obtained from the Early Warning Report filed on SEDAR or by
contacting Spavold at (206) 482-5272.
SOURCE Stan Spavold
