HALIFAX, NS, Oct. 22, 2020 /CNW/ - Stan Spavold ("Spavold") announces that
he has acquired ownership of 2,000,000 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 $260,000
($0.13 per share).
The common shares were purchased by way of private agreement and
were acquired for investment purposes. Spavold may, from time
to time, increase or decrease his holdings of common shares of
Norvista, depending on market and other conditions.
Spavold's acquisition of 2,000,000 common shares represents
approximately 2.85% of the common shares of Norvista issued and
outstanding.
Immediately before the acquisition, Spavold owned 8,967,371
common shares of Norvista, representing approximately 12.78% of all
issued and outstanding common shares of Norvista, and 400,000 stock
options.
Following the acquisition, Spavold now own
10,967,371 common shares of Norvista, which represents
approximately 15.64% of all issued and outstanding common shares of
Norvista. If Spavold exercises all of his options, he would hold an
aggregate of 11,367,371 common shares of Norvista, representing
approximately 16.21% of the issued and outstanding common shares
post-exercise.
SOURCE Stan Spavold