Discovery Metals Corp. announces that it has filed an early warning report in respect of its holdings in Levon Resources Ltd. . Earlier today, pursuant to a statutory plan of arrangement pursuant to Section 288 of the British Columbia Business Corporations Act , Discovery acquired all of the outstanding shares of Levon in exchange for 64,412,929 common shares of Discovery. As a result of the Arrangement, Discovery now [...]
Discovery Metals Corp. and Levon Resources Ltd. are pleased to announce the successful completion of Discovery’s acquisition of Levon, previously announced on May 30, 2019, pursuant to which Discovery has acquired all of the issued and outstanding shares of Levon. With the completion of the Transaction, Discovery is now a leading silver-focused exploration and development company that controls several district-scale [...]
Discovery Metals Corp. is pleased to announce the voting results from the special meeting of the securityholders of Levon Resources Ltd. held earlier today. The Plan of Arrangement previously announced on May 30, 2019, was approved by an overwhelming majority, approximately 81.15% of the total votes cast by Levon securityholders. The arrangement is expected to close on August 2, 2019 following receipt of final court [...]
Discovery Metals Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on July 18, 2019, raising $9,004,770 through the issuance of 23,216,174 common shares at a price of $0.23 per Common Share and 15,935,000 subscription receipts at a price of $0.23 per Subscription Receipt. Mr. Eric Sprott acquired 17,564,000 Common Shares of the Private Placement, and as a result he is [...]
Discovery Metals Corp. announces it has received conditional approval from the TSX Venture Exchange to complete the proposed plan of arrangement transaction with Levon Resources Ltd., as described in Discovery’s news release dated May 30, 2019, subject to standard closing conditions. Levon has also received conditional approval of the Toronto Stock Exchange in connection with the proposed transaction. Following [...]
Discovery Metals Corp. is pleased to announce that it intends to complete a non-brokered private placement to raise $9,004,770 through the issuance of 23,216,174 common shares at a price of $0.23 per Common Share and 15,935,000 subscription receipts at a price of $0.23 per Subscription Receipt. Mr. Eric Sprott has agreed to purchase 17,564,000 Common Shares of the Private Placement, which will result in him holding 19.9 [...]
Discovery Metals Corp. is pleased to announce that it has been granted drilling permits for its Monclova Ag-Zn-Pb project in Coahuila State, Mexico. Discovery’s President and CEO, Taj Singh commented: “The receipt of the drilling permit for Monclova is a significant step for the Company. Our team has been working diligently to develop an exploration plan for the Project and has delineated multiple [...]
Discovery Metals Corp. announces it has received approval from the TSX Venture Exchange to extend the term of an aggregate of 31,237,000 outstanding common share purchase warrants that were issued pursuant to a non-brokered 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 [...]
Discovery Metals Corp. is pleased to announce the appointment of Dr. Moira Smith to the Company’s Board of Directors . Murray John, Chairman of the Company, stated: “We are delighted that shareholders have ratified Dr. Smith’s appointment and we welcome her to the Board. Moira’s technical expertise and track-record in discovery and in economic geology are well recognized and will be a great [...]
Discovery Metals Corp. , is pleased to announce the results of voting at its Annual General and Special Meeting held Wednesday, June 26, 2019 in Toronto, Canada. Shareholders voted in favor of all items put forward by the Board of Directors and management. Shareholders voted in favor of the election of all director nominees. The percentage of votes cast for each is as follows: Votes For % Votes For Votes Withheld % Votes [...]
Discovery Metals Corp. announces it has applied to the TSX Venture Exchange to extend the term of an aggregate of 31,237,000 outstanding common share purchase warrants that were issued pursuant to a non-brokered private placement as described in the Company’s news releases dated July 17, 2017, July 19, 2017, and August 17, 2017. Each Warrant entitles its holder to acquire one common share of the Company at an [...]
Discovery Metals Corp. and Levon Resources Ltd. are pleased to announce that they have entered into an arrangement agreement to combine Discovery and Levon to create a leading silver-focused exploration and development company that will control several district-scale projects in Mexico. Summary of the Arrangement Pursuant to the Transaction, Discovery has agreed to acquire, through a wholly-owned subsidiary, all of the [...]
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