Aurvista Gold Corporation Announces Shares for Debt Agreement
2013年4月10日 - 10:29PM
Access Wire
Montreal, Quebec - April 10, 2013, Aurvista Gold Corporation
("Aurvista" or the "Corporation") (TSX-V: AVA) announces that it
has entered into a debt settlement agreement with Norvista
Resources Corporation to settle all amounts outstanding to Norvista
as of March 31, 2013, in the amount of $903,503 by way of issuance
of 3,928,274 common shares of Aurvista at an issue price of $0.23
per share. Completion of the debt settlement with Norvista
Resources Corporation is subject to the approval of the TSX Venture
Exchange.
"We are very pleased with the completion of the debt conversion.
The terms of the conversion were fair for both parties and this
further reflects the ongoing confidence Norvista Resources
Corporation has in the Douay Project. The completed conversion
eliminates the risk of debt obligations as well as freeing up
additional capital which can be used towards further exploring the
Douay Project" stated Bryan Keeler, CFO of Aurvista Gold
Corporation.
In accordance with applicable securities legislation, the
securities issued pursuant to the debt settlement are subject to a
hold period of four months plus one day from the date of completion
of the debt settlement.
About Aurvista Gold
Aurvista Gold Corporation is a junior gold exploration and
development company. Aurvista's principal asset is the Douay Gold
Project, consisting of 298 contiguous claims totalling
approximately 12,704 hectares located on the Casa Berardi Fault in
northern Quebec. The Douay Project contains a NI 43-101 compliant
Mineral Resource of 114,652,000 million tonnes at 0.75 g/t gold
(2.8 million ounces of gold) in the Inferred category and 2,689,000
tonnes at 2.76 g/t gold (238,433 ounces of gold) in the Measured
and Indicated category, at a cut-off of 0.3 g/t gold.
Forward-Looking Statements
This news release may contain forward-looking statements based
on assumptions, uncertainties and management's best estimate of
future events. Actual events or results could differ materially
from the Company's expectations and projections. Investors are
cautioned that forward-looking statements involve risks and
uncertainties. Accordingly, readers should not place undue reliance
on forward-looking statements. When used herein, words such as
"anticipate", "will", "intend" and similar expressions are intended
to identify forward-looking statements. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Aurvista Gold
Corporation's filings with Canadian securities regulators available
on www.sedar.com or the Company's website at
www.aurvistagold.com.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT
FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.
For further information:
Aurvista Gold Corp.
Richard Adams, President and CEO
Telephone:(416) 682-2674
Facsimile:(416) 504-4129
NEITHER THE 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 PRESS RELEASE.
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