Discovery Announces Director Nominations for its Upcoming Annual General Meeting
May 24 2022 - 08:03AM
Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF)
(“Discovery” or the “Company”) announces that the Company’s
nominees for Director at its upcoming Annual General Meeting on
June 24, 2022, are: Murray John (Chair); Tony Makuch; Jeff Parr;
Taj Singh; Moira Smith; Daniel Vickerman; and Jennifer Wagner.
Mark O’Dea, a current Director and one of the
co-founders of Discovery, will not be standing for re-election in
order to focus on his other management and board commitments.
Murray John, Chairman of Discovery, stated: “We
would like to thank Mark O’Dea for his invaluable contributions to
Discovery Silver. Mark co-founded Discovery in 2017 and was
instrumental in the acquisition of our flagship Cordero project.
Mark has been a valued Board member since Discovery’s inception and
has agreed to continue to work with both the Board and Management
and we expect to continue to benefit from his business and
technical expertise.”
Mark O’Dea commented: “I am extremely proud to
see Discovery Silver emerge as a leader in the precious metals
space. With an excellent Executive Team and Board of Directors, an
industry leading balance sheet and a Tier 1 asset, I have every
confidence that the Company will establish itself as a go-to name
for silver investors focused on long-life, low-cost production. I
look forward to continuing my relationship with Discovery as an
advisor and significant shareholder.”
About Discovery
Discovery’s flagship project is its 100%-owned
Cordero project, one of the world’s largest silver deposits. The
PEA completed in November 2021 demonstrates that Cordero has the
potential to be developed into a highly capital efficient mine that
offers the combination of margin, size and scalability. Cordero is
located close to infrastructure in a prolific mining belt in
Chihuahua State, Mexico. Continued exploration and project
development at Cordero is supported by a strong balance sheet with
cash of approximately C$60 million. 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
DevelopmentPhone: 416-613-9410Email:
forbes.gemmell@discoverysilver.comWebsite:
www.discoverysilver.com
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 statements.
Forward-looking statements including, but not limited to
Discovery’s future plans and objectives regarding the Cordero
Project and the prospect of further discoveries there, which
constitute forward looking information that involve various risks
and uncertainties. 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. Discovery does not assume any
obligation to update any forward-looking statements except as
required under applicable laws.
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