Discovery Announces Regulatory Approval to Complete Proposed Plan of Arrangement
July 23 2019 - 6:20AM
Discovery Metals Corp. (“Discovery” or the
“Company”) (TSX-V: DSV) announces it has received conditional
approval from the TSX Venture Exchange to complete the proposed
plan of arrangement transaction with Levon Resources Ltd. (“Levon”)
(TSX-LVN), 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 final court approval to the
arrangement, the shares of the combined company will continue to
trade under the symbol “DSV”.
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 METALSDiscovery
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 StatementsThis 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.
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