Discovery Metals Corp. is pleased to announce that it has closed the non-brokered private placement , consisting of 25,927,000 units at a price of C$1.35 per Unit for aggregate proceeds of C$35,001,450. Each Unit is comprised of one common share of Discovery and one half of one Common Share purchase warrant, with each full warrant exercisable at C$1.75 for a period of two years after the date of issuance, expiring on [...]
Discovery Metals Corp. is pleased to announce that it has arranged a non-brokered institutional private placement to raise C$35,000,000 through the issuance of 25,925,925 units at a price of C$1.35 per Unit, representing a premium to its last closing price. Each Unit is comprised of one common share of Discovery and one half of one Common Share purchase warrant, with each full warrant exercisable at C$1.75 for a period of [...]
Discovery Metals Corp. is pleased to announce results from eight diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico. The holes are part of a Phase 1 diamond core drilling program that commenced in September 2019. The Phase 1 drill program was recently expanded from 35,000-metres to 55,000 m and has the goal of defining a large-scale, high-margin project with excellent leverage [...]
Discovery Metals Corp. is pleased to announce the results of voting at its Annual General Meeting held Friday, June 26, 2020. Shareholders voted in favour of all items put forward by the Board of Directors and management. Shareholders voted in favour of the election of all director nominees. The percentage of votes cast for each is as follows: Votes For % Votes For Votes Withheld % Votes Withheld Taj Singh 102,372,339 [...]
Discovery Metals Corp. is pleased to announce results from eight diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico. The holes are part of a Phase 1 diamond core drilling program that commenced in September 2019. The goal of this program is to define a high-margin project with scale that retains excellent leverage to rising metal prices. Drill holes for this current release [...]
Discovery Metals Corp. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement , consisting of 45,454,545 units at a price of C$0.55 per Unit for aggregate proceeds of C$25,000,000. Each Unit is comprised of one common share of Discovery and one half of one Common Share purchase warrant, with each full warrant exercisable at C$0.77 for a period of two years after the [...]
Discovery Metals Corp. is pleased to announce that it has closed the first tranche of the non-brokered private placement as previously announced on May 18, 2020. The first tranche consists of 31,090,945 units at a price of C$0.55 per Unit for aggregate proceeds of C$17,100,020. Each Unit is comprised of one common share of Discovery and one half of one Common Share purchase warrant, with each full warrant exercisable at [...]
Discovery Metals Corp. is pleased to announce its operating and financial results for the three months ended March 31, 2020. All amounts are presented in Canadian dollars unless otherwise stated. Our Company is focused on advancing a portfolio of silver projects in historic mining districts in northern Mexico, including our flagship Cordero project in Chihuahua State , as well as the Puerto Rico, Minerva and Monclova [...]
Discovery Metals Corp. is pleased to announce that it intends to complete a non-brokered private placement to raise up to C$25,000,000 through the issuance of up to 45,454,545 units at a price of C$0.55 per Unit. Each Unit is comprised of one common share of Discovery and one half of one Common Share purchase warrant, with each full warrant exercisable at C$0.77 for a period of two years after the date of issuance. Mr [...]
Discovery Metals Corp. announces that Mr. Jose Vizquerra has resigned as a director of the Company, effective immediately, so that he can focus his efforts on other professional commitments. Murray John, Chairman of the Company, commented: “On behalf of everyone at Discovery we would like to thank Jose for his contributions towards our growth. Mr. Vizquerra has been a valued director since the inception of the Company [...]
Discovery Metals Corp. is pleased to announce results from eight diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico. The holes are part of a 30,000-35,000 metre Phase 1 drill program that commenced in September 2019. The goal of this program is to define a high-margin project with scale that retains excellent leverage to rising metal prices. Drill holes for this current [...]
Discovery Metals Corp. is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2019. All amounts are presented in Canadian dollars unless otherwise stated. Discovery is focused on advancing a portfolio of silver projects in historic mining districts in northern Mexico, including its flagship Cordero project in Chihuahua State, as well as the Puerto Rico, Minerva and [...]
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