Norvista Capital Announces Equity Interest in Rockcliff Copper Corporation

TORONTO, ON / ACCESSWIRE / August 18, 2016 / Norvista Capital Corporation (TSXV: NVV) (“Norvista”), announces today that it has acquired 7,142,857 units (the “Units”) of Rockcliff Copper Corporation (“Rockcliff”) (TSXV: RCU), pursuant to a non-brokered private placement (the “Offering”) at a price of $0.07 per Unit. Norvista Capital I Limited Partnership (“LP”), an institutional funding vehicle, of which a wholly-owned subsidiary of Norvista serves as the general partner of the LP, also purchased 7,142,857 Units pursuant to the Offering. Each Unit was comprised of one common share and one-half (½) of one common share purchase warrant (a “Warrant”) of Rockcliff. Each Warrant entitles the holder thereof to acquire one additional common share of Rockcliff at a price of $0.10 for a period of two years following the closing date of the Offering.

Prior to the completion of the Offering, neither Norvista nor the LP held any securities of Rockcliff. Norvista and the LP now own, in the aggregate, 14,285,714 common shares of Rockcliff, representing approximately 10.8% of Rockcliff’s issued and outstanding shares on a non-diluted basis, and approximately 14.7% on a partially-diluted basis (assuming exercise of Norvista’s and the LP’s Warrants). Depending on market and other conditions, or as future circumstances may dictate, Norvista or the LP may from time to time increase or decrease its holdings of common shares or other securities of Rockcliff.

This news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report in respect of this transaction is available on Rockcliff’s issuer profile on SEDAR at www.sedar.com.

For further information please contact:

Norvista Capital Corporation
141 Adelaide St. West, Suite 1660
Toronto, Ontario M5H 3L5
Tel: 416.504-4171
Don Christie, President and CEO
dchristie@norvistacapital.com

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 release.

SOURCE: Norvista Capital Corporation

ReleaseID: 443990