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Norvista Announces Executive Appointments
DGAP-News: Norvista Capital Corporation / Key word(s): Miscellaneous
Norvista Announces Executive Appointments
30.07.2015 / 14:00
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Toronto, Ontario--(Newsfile Corp. - July 30, 2015) - Norvista Capital
Corporation (TSXV: NVV) ('Norvista' or the 'Company') announces the
following appointments to its management team and Board of Directors. Mr.
Gerald P. McCarvill, after leading Norvista and its predecessor company
since 2008, has tendered his resignation as Chairman and Chief Executive
Officer of the Company. Mr. Stan Spavold, currently a director and Chair of
the Audit Committee of Norvista, has been appointed as Chairman of the
Board and Mr. Donald H. Christie, currently President and Chief Operating
Officer of Norvista, has been appointed as President and Chief Executive
Officer of the Company.
'On behalf of the Board of Directors and staff I would like to thank Gerry
for his tireless efforts and steady guidance over the last several years in
what has been, at times, a challenging investment environment in the
resource sector. Gerry and his shareholders have enjoyed many successes
over the last 35 years as the result of Gerry's unique ability to identify
successful projects early in their life cycle and to source the financing
necessary to bring them into production. In addition to his current focus
as Executive Chairman of Norvista Financial Inc. we look forward to
benefitting from Gerry's insight in his ongoing role as a key member of the
Board of Directors of Norvista as the Company continues to add to its
portfolio of investments,' said Don Christie, President and Chief Executive
Officer.
Mr. McCarvill commented that 'Stan, who currently serves as Executive Vice
President of Clearwater Fine Foods Inc. and Chair of the Audit Committee of
Norvista with over 35 years of experience in corporate finance and M&A
activity with a number of public and private companies, has taken a very
hands on approach as a director of Norvista. In his new role as Chairman we
look forward to Stan being instrumental in the future growth of Norvista
particularly on the funding side of the business.'
Norvista also announces the grant of a total of 4,355,000 stock options to
directors, officers and employees of the Company pursuant to the Company's
incentive stock option plan. The stock options were granted effective July
29, 2015, exercisable at a price of $0.15 per share and expire on July 29,
2020. The stock options vest one-third (1/3) on July 29, 2015, one-third
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