Discovery Metals Grants Stock Options
16 August 2019 - 10:00PM
Discovery Metals Corp. (TSX-V: DSV) (“Discovery”
or the “Company”) announces that it has granted to certain
officers, directors, employees and/or consultants of the Company an
aggregate of 5,300,000 options to acquire common shares of the
Company (“Options”). The Options have an exercise price of $0.48
per share, have a five-year term from the date of grant, and vest
according to the following schedules:
- Management and
employees: annually in equal thirds beginning on the date
of grant;
- Consultants:
quarterly in equal eighths beginning three months after the date of
grant; and
- Directors:
immediately on the date of grant.
Any common shares issuable upon exercises of
Options will, in accordance with applicable securities laws, be
subject to a hold period expiring four months and one day from the
date of grant.
For further information contact: Discovery
Metals Corp., #701 - 55 University Ave, Toronto, ON Canada M5J 2H7,
info@dsvmetals.com.
On Behalf of the Board of Directors
“Taj Singh”
Taj Singh, M.Eng, P.Eng, CPA President, Chief
Executive Officer, and Director
ABOUT DISCOVERY METALSDiscovery
is exploring one of the world’s largest silver resources at its
100%-owned Cordero Project in Chihuahua State, Mexico. The 37,000
hectare property covers an entire porphyry district that hosts the
announced resource and numerous exploration targets for bulk
tonnage diatreme-hosted, porphyry-style, and carbonate replacement
deposits. In addition, Discovery is focused on discovering and
advancing high-grade silver-zinc-lead deposits in a land package of
approximately 150,000 hectares covering a historic mining district
in Coahuila State, Mexico. The portfolio of three large-scale,
drill-ready projects and several earlier-stage prospects, all with
shallow, high-grade 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, but there was no modern exploration or
drill testing on the properties prior to the work carried out by
Discovery.
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.
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