VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 27, 2014) - Discovery Ventures Inc. ("Discovery" or the "Company") (TSX VENTURE:DVN) is pleased to announce that, further to its news releases dated November 19, 2012 and January 17, 2014, it has entered into an amended option agreement (the "Amended Option Agreement") with 0951719 B.C. Ltd. (the "Optionor") to now acquire a 100% interest in the Willa property, consisting of [...]
Discovery Ventures Inc. is pleased to announce that it has entered into a non-binding term sheet with a third party whereby, subject to the entry into a definitive binding agreement, the Lender has agreed to provide a $12,000,000 senior secured term debt facility to Discovery. The Facility will be provided in two tranches with $5,000,000 available on the execution of the definitive agreement and $7,000,000 available upon [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 8, 2014) - Discovery Ventures Inc. (TSX VENTURE:DVN) ("Discovery") and Roca Mines Inc. ("Roca") are pleased to announce they have amended the letter agreement dated November 4, 2013 (the "Agreement") with Roca and FortyTwo Metals Inc., a wholly-owned subsidiary of Roca ("FortyTwo"). Pursuant to the original letter agreement, Roca granted an exclusive option to Discovery to [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 3, 2013) - Discovery Ventures Inc. ("Discovery") (TSXV: DVN) is pleased to announce it has received final approval from the TSX Venture Exchange with respect to the binding letter agreement dated November 4, 2013 (the "Agreement"). Pursuant to the terms of the Agreement, Roca Mines Inc. ("Roca") has granted an exclusive option to Discovery to acquire all of the issued and [...]
Discovery is pleased to announce it has received final approval from the TSX Venture Exchange with respect to the binding letter agreement dated November 4, 2013. Pursuant to the terms of the Agreement, Roca Mines Inc. has granted an exclusive option to Discovery to acquire all of the issued and outstanding common shares of FortyTwo Metals Inc., a wholly-owned subsidiary of Roca. As discussed in Discovery's news release [...]
Discovery Ventures announces that it has completed the first tranche of its previously announced private placement financing, as described in its news release of November 8, 2013, pursuant to which it has issued an aggregate of 4,779,000 units at a price of $0.21 per Unit for aggregate gross proceeds of $1,003,590. Each Unit consists of one common share of the Company and one share purchase warrant. One Warrant entitles [...]
Discovery Ventures is pleased to announce that it has arranged a non-brokered private placement financing of up to 9,523,809 units at a price of $0.21 per Unit for gross proceeds of up to $2,000,000. Each Unit consists of one common share of the Company and one share purchase warrant. One Warrant entitles the holder thereof to purchase one additional Share at a price of $0.35 per Share for a period of two years...
Discovery Ventures is pleased to announce it has received conditional approval from the TSX Venture Exchange with respect to the binding letter agreement dated November 4, 2013. Pursuant to the terms of the Agreement, Roca Mines has granted an exclusive option to Discovery to acquire all of the issued and outstanding common shares of FortyTwo Metals Inc., a wholly-owned subsidiary of Roca. As discussed in Discovery's news [...]
Discovery Ventures and Roca Mines are pleased to jointly announce they have entered into a binding letter agreement dated November 4, 2013 with each other and FortyTwo Metals Inc., a wholly-owned subsidiary of Roca, whereby Roca granted an exclusive option to Discovery to acquire all of the issued and outstanding common shares of FortyTwo. FortyTwo holds, among other assets, the Max Mine which includes an underground [...]
Discovery Ventures announces that it has signed a three month renewable contract with Bircress Corporate Relations to provide investor relations and corporate communications services to the Company for a monthly fee of $3,000.00. The contract is dated effective August 2, 2013. The contract was negotiated at arm's length. Bircress is wholly owned by Ron Birch and prior to signing the contract, neither Bircress nor Mr [...]
Discovery Ventures is pleased to announce that it has entered into discussions with Roca Mines Inc. and commenced due diligence efforts with respect to the potential acquisition assets. The permitting process for the development and rehabilitation of the Willa Deposit has been initiated. The Company expects to start work on the project as soon as permits to proceed are attained. The Wllia host a NI 43-101 compliant [...]
Discovery Ventures is pleased to announce the appointment of Johnathan M. Cooper as a Director of the Company. Johnathan Cooper is the president of Black Ink Communications, a technical writing and corporate communications firm with an emphasis on the resource industry. He has provided financial modeling services, corporate communications, and sat as a director for both public and private companies. Prior to this, Mr [...]
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