Resource Investment Stock Rises on Asset Sale

Norvista Capital Corporation (TSXV:NVV), a resource investment stock, moved up after agreeing to sell its three Manitoba assets to Rockcliff Metals

Sean Mason | February 22, 2019 | SmallCapPower

An announced Manitoba assets sale powered a resource investment stock higher Friday. Here’s some small stocks making big moves on Friday, February 22, 2019 (as of 4 pm EST):

Norvista Capital Corporation (TSXV:NVV), a resource investment stock, climbed 33% to $0.10 on Friday after announcing that it has agreed to sell its three Manitoba assets to Rockcliff Metals Corporation (TSXV:RCLF) for $13.258 million. And, as consideration, Norvista and its 80% owned subsidiary, Akuna Minerals Inc., will receive a total of 88,386,667 shares of Rockcliff at a deemed value of $0.15 per share.

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As well, shares of Garibaldi Resources (TSXV:GGI) fell 14% to $1.15 as the junior explorer said it has drilled into widespread, near-surface nickel-copper sulphide mineralization at Nickel Mountain in British Columbia, which included 4.8 meters of massive sulphides featuring 7.7% nickel and 2.95% copper.

Barsele Minerals Corp. (TSXV:BME), meanwhile, revealed an updated Mineral Resource Estimate for the Barsele Gold Project in Sweden on Thursday, which showed an estimated 2,086,000 Inferred gold ounces and 324,000 Indicated gold ounces. Barsele Minerals stock popped 16% to $0.54 on Friday.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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