Discovery Announces Approval to Extend Warrants
09 July 2019 - 7:30AM
Discovery Metals Corp. (TSX-V: DSV) (“Discovery”
or the “Company”) announces it has received approval from the TSX
Venture Exchange (the “TSXV”) to extend the term of an aggregate of
31,237,000 outstanding common share purchase warrants (the
“Warrants”) that were issued pursuant to a non-brokered private
placement (the “Private Placement”) as described in the Company’s
news releases dated July 17, 2017, July 19, 2017, August 17, 2017,
and June 17, 2019.
Each Warrant entitles its holder to acquire one
common share of the Company (a “Common Share”) at an exercise price
of $1.00 per Common Share. The original expiry date of each Warrant
was August 17, 2019. The Company received approval from the TSXV to
extend the expiry date of the Warrants by an additional 18 months,
such that each Warrant will expire on February 17, 2021. The
exercise price of all Warrants will remain unchanged, at the
current exercise price of $1.00 per Common Share. No Warrants under
the Private Placement have been exercised to date.
For further information contact:
Discovery Metals Corp., #701 - 55 University Ave, Toronto, ON
Canada M5J 2H7info@dsvmetals.com
On Behalf of the Board of Directors“Taj Singh”
Taj Singh, M.Eng, P.Eng, CPAPresident, Chief
Executive Officer, and Director
ABOUT DISCOVERY METALS
Discovery Metals is focused on discovering and
advancing high grade polymetallic deposits in a recently assembled
land package of approximately 150,000 hectares over a large and
historic mining district in northern Coahuila State, Mexico. The
portfolio of three large-scale, drill-ready projects and several
earlier-stage prospects, all with shallow high-grade
silver-zinc-lead mineralization, is situated in a world-class
carbonate replacement deposit belt that stretches from southeast
Arizona to central Mexico. The land holdings contain numerous
historical direct-ship ore workings with several kilometers of
underground development. No modern exploration or exploration drill
testing has ever been carried out on the properties prior to
Discovery’s time on the projects.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding
Forward-Looking Statements
This news release may include forward-looking
statements that are subject to inherent risks and uncertainties.
All statements within this news release, other than statements of
historical fact, are to be considered forward looking. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those described in
forward-looking statements. Factors that could cause actual results
to differ materially from those described in forward-looking
statements include fluctuations in market prices, including metal
prices, continued availability of capital and financing, delays in
receipt of required permits, and general economic, market or
business conditions. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements
except as required under applicable laws.
Discovery Silver (TSXV:DSV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Discovery Silver (TSXV:DSV)
Historical Stock Chart
From Jul 2023 to Jul 2024