Toronto -- Norvista Resources Corporation ("Norvista") announces that it has control or direction over 8,447,068 common shares of Aurvista Gold Corporation (the "Issuer").
The 8,447,068 common shares held by Norvista represent a security holding percentage, calculated in accordance with National Instrument 62 103 The Early Warning System and Related Take Over Bid and Insider Reporting Issues, of approximately 12.15% of the outstanding common shares of the Issuer.
On April 22, 2013 (the "Date of Completion of the Debt Settlement"), Norvista entered into a debt agreement with the Issuer (the "Debt Agreement"). The Debt Agreement settled debt amounts outstanding to Norvista as of March 31, 2013 in the amount of $903,503 by way of issuance to Norvista of 3,928,274 common shares (the "Shares") of the Issuer at an issue price of $0.23 per share.
The Shares are subject to a hold period of four (4) months plus one (1) day from the Date of Completion of the Debt Settlement.
This press release is being issued in order to comply with the disclosure requirements under applicable securities legislation. The issuance of this news release is not an admission that any entity named herein owns or controls any described securities or is a joint actor with another named entity.
Additional information is provided in the early warning report filed on www.sedar.com by Norvista.
For further information or a copy of the early warning report please contact:
Norvista Resources Corporation
4 King Street
West Suite 1500