Discovery Metals Announces AGM Results
June 29 2020 - 8:00AM
Discovery Metals Corp. (TSXV: DSV; OTCQX:
DSVMF) 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 |
% VotesWithheld |
Taj Singh |
102,372,339 |
99.9% |
64,422 |
0.1% |
Murray John |
102,334,889 |
99.9% |
101,872 |
0.1% |
Mark O’Dea |
102,372,889 |
99.9% |
63,872 |
0.1% |
Jeff Parr |
102,318,228 |
99.9% |
118,533 |
0.1% |
Daniel Vickerman |
102,340,278 |
99.9% |
96,483 |
0.1% |
Vic Chevillon |
102,372,139 |
99.9% |
64,622 |
0.1% |
Jesus Hernandez-Garza |
102,370,264 |
99.9% |
66,497 |
0.1% |
Moira Smith |
102,334,839 |
99.9% |
101,922 |
0.1% |
Shareholders also voted in favour of (i)
appointing PricewaterhouseCoopers LLP, Chartered Accountants, as
auditors of the Company for the ensuing year and authorizing
directors to fix their remuneration; (ii) fixing the number of
directors on the Company’s Board of Directors at eight (8) persons;
(iii) re-approving and ratifying the Company’s Stock Option Plan;
(iv) approving the Company’s proposed Restricted Share Unit Plan
and Deferred Share Unit Plan. A total of 111,968,238 Discovery
common shares were voted, representing 52.9% of total shares issued
and outstanding as at the record date of the meeting.
On Behalf of the Board of Directors,
Taj Singh, M.Eng., P.Eng., CPAPresident, Chief
Executive Officer, and Director
About DiscoveryDiscovery Metals
Corp. (TSX-V: DSV, OTCQX: DSVMF) is a Canadian exploration and
development company headquartered in Toronto, Canada, and focused
on historic mining districts in Mexico. Discovery’s flagship is its
100%-owned Cordero silver project in Chihuahua State, Mexico. The
35,000-hectare property covers a large district that hosts the
announced resource as well as numerous exploration targets for bulk
tonnage diatreme-hosted, porphyry-style, and carbonate replacement
deposits.
For further information contact:
Forbes Gemmell, CFAVP Corporate
Development & Investor
Relationsforbes.gemmell@dsvmetals.com
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NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
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.
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.
Cautionary Note Regarding Forward-Looking
Statements
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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