Discovery Announces Appointment of Forbes Gemmell as VP Corporate Development and Investor Relations
December 18 2019 - 4:00PM
Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF)
(“Discovery” or the “Company”) is pleased to announce the
appointment of Mr. Forbes Gemmell as Vice President of Corporate
Development and Investor Relations, effective January 6, 2020.
Taj Singh, President and CEO, states, “We are
very excited to welcome Forbes to the management team at Discovery.
His capital markets background in conjunction with his corporate
experience in exploration and project development will be key
assets in driving value creation through the advancement of
Discovery’s flagship Cordero project as well as through broadening
the Company’s exposure within the investment community.”
Mr. Gemmell has more than 15 years of mining
industry experience across capital markets, exploration, project
development and operations. This experience includes senior
management roles focused on corporate strategy, acquisition and
divestitures, investor relations, capital raising, feasibility
studies and project optimization.
Mr. Gemmell was most recently VP of Corporate
Development at Guyana Goldfields Inc., a mid-tier gold producer
with operations in Guyana. Mr. Gemmell oversaw the merger and
acquisitions strategy for the company, managed and supervised the
completion of multiple feasibility studies, and played a key role
in overseeing several construction and development projects. Prior
to this role, Mr. Gemmell was the CEO of Lago Dourado Minerals
Ltd., a gold exploration company focused on Brazil. Mr. Gemmell
also worked in the capital markets earlier in his career, both on
the sell-side, as an equity research analyst covering the precious
metals sector with Raymond James Ltd., and on the buy-side, as an
equity analyst with Colonial First State in Sydney, Australia. Mr.
Gemmell holds a Bachelor of Economics (Actuarial Studies) and is a
CFA charterholder.
The Company also announces the granting of
400,000 incentive stock options to Mr. Gemmell (“Options”), each of
which are convertible into one Discovery common share for a period
of five years after issuance. All Options will be issued on January
6, 2020, with an exercise price per share equal to the closing
price of Discovery common shares on the TSX Venture Exchange on
January 3, 2020. Discovery has reserved and set aside 400,000
common shares for issuance on exercise of the Options. 133,333
Options will vest immediately on January 6, 2020, 133,333 Options
will vest on January 6, 2021, and 133,334 Options will vest on
January 6, 2022.
On Behalf of the Board of Directors“Taj Singh”
Taj Singh, M.Eng, P.Eng, CPAPresident, Chief
Executive Officer, and Director
About Discovery
Discovery Metals Corp. (TSX-V: DSV, OTCQX:
DSVMF) is a Canadian exploration and development company
headquartered in Toronto, Canada focused on historic mining
districts in Mexico. Discovery’s flagship project is its 100%-owned
Cordero silver project in Chihuahua State, Mexico. The
35,000-hectare property covers an entire porphyry district that
hosts the Cordero deposit and numerous exploration targets for bulk
tonnage diatreme-hosted, porphyry-style, and carbonate replacement
deposits. In addition, Discovery holds a 150,000-hectare land
package containing numerous high-grade carbonate replacement-style
silver-zinc-lead exploration projects in Coahuila State, Mexico.
The Coahuila project land holdings contain numerous historical
direct-ship ore workings and significant underground
development.
For further information: Discovery Metals Corp., (416) 613-9410,
info@dsvmetals.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This news release is not for distribution to
United States newswire services or for dissemination in the United
States.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful, including any of the
securities in the United States of America. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the “1933 Act”) or any state securities
laws and may not be offered or sold within the United States or to,
or for account or benefit of, U.S. Persons (as defined in
Regulation S under the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such
registration requirements is available.
This 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
Discovery 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, 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. There can be no assurance that the Private
Placement will close on the announced terms. Discovery does not
assume any obligation to update any forward-looking statements
except as required under applicable laws.
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