Discovery Metals Announces Name Change to Discovery Silver
April 09 2021 - 8:00AM
Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF)
(“Discovery” or the “Company”) announces that it is changing its
name from Discovery Metals Corp. to Discovery Silver Corp. The
Company’s common shares are expected to commence trading under the
new name on the TSX Venture Exchange (“TSXV”) under its current
ticker symbol “DSV” and on the OTCQX where its ticker symbol will
change from “DSVMF” to “DSVSF” at the opening of trading on April
14, 2021, pending final regulatory approvals from the TSXV and
FINRA.
Taj Singh, President & CEO, states: “Our
name change to Discovery Silver reflects the strong momentum and
exceptional results we have reported to date at our flagship
Cordero project, one of the world’s largest undeveloped silver
resources. It also aligns with the delivery of our updated resource
and PEA in 2H 2021 which we expect will firmly position Discovery
as one of the go-to names in the silver space through establishing
Cordero as one of the few emerging silver development projects that
offers scale and margin.
“The name change also follows our inclusion last
month in the VanEck Vectors Junior Gold Miners ETF with the
underlying designation as a silver pure-play company and the ETFMG
Prime Junior Silver Miners ETF. The inclusion in these indices
recognizes both the silver exposure that Discovery offers as well
as the tremendous growth in size and liquidity we have delivered
since acquiring Cordero in 2019.”
Shareholders are not required to exchange their
existing share certificates for new certificates bearing the
Company’s new name and the name change does not affect the
Company’s share structure or the rights of the Company’s
shareholders. No further action is required by existing
shareholders.
About Discovery
Discovery’s flagship project is its 100%-owned
Cordero project, one of the few silver projects globally that
offers margin, size and scaleability. The project is located in a
prolific mining belt in Chihuahua State, Mexico, and is supported
by an industry leading balance sheet with over C$90 million of cash
allocated for aggressive exploration, resource expansion and future
development. Discovery was a recipient of the 2020 TSX Venture 50
award and the 2021 OTCQX Best 50 award.
On Behalf of the Board of Directors,
Taj Singh, M.Eng, P.Eng, CPA, President, Chief
Executive Officer and Director
For further information contact:
Forbes Gemmell, CFAVP Corporate
Development & Investor RelationsPhone: 416-613-9410Email:
forbes.gemmell@dsvmetals.comWebsite: www.dsvmetals.com
FORWARD-LOOKING STATEMENTS: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 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.
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 but are not limited to:
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. Discovery
does not assume any obligation to update any forward-looking
statements except as required under applicable laws.
Discovery Silver (TSXV:DSV)
Historical Stock Chart
From Apr 2024 to May 2024
Discovery Silver (TSXV:DSV)
Historical Stock Chart
From May 2023 to May 2024