Revision of Previous Press Release
October 17 2013 - 11:01PM
OTC Markets
Discovery
Minerals Ltd., Shareholders Update
October
17, 2013
OTC Disclosure
& News Service
Reno,
NV ? (ACCESSWIRE) October 18, 2013 10:00:00 AM - Discovery Minerals
Ltd. (OTC
PINK:DSCR) would like to update all current shareholders regarding
the Press
Release disseminated August 13, 2013 in which the company announced
the
potential issuance of Anti-Dilutive Convertible Preferred Shares to
confirmed
shareholders in street name. Pursuant to our previously stated
release the
Board of Directors and Corporate Counsel have since reviewed the
required
regulatory process, procedures and filing obligations necessary to
complete
this proposed issuance and have deemed that the company will be
unable to meet
the requirements to fulfill this action at this time. Discovery?s
CEO, Russell
Smith commented, ?Due to the inability to meet all of the
regulatory
requirements required to complete this corporate action, and that
all common
shareholders must be afforded the same privileges, the company at
this time
will not be pursuing this action, but fully intends to do so at a
future date.?
About
Discovery Minerals Ltd.:
Discovery
Minerals Ltd. (Frankfurt WKN: A0LB3X) (Kurzel: D7Z) (OTC
Pinksheets: DSCR) is a
production stage company formed to acquire and develop natural
resource
properties. Activities
include gold,
precious metals and minerals, including rare earth minerals
production and
sales. The Company initiated a new program to evaluate undervalued
assets,
including clean tech and alternative energy investments, for
potential addition
to its portfolio.
Safe
Harbor:
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
27E of the
Securities Act of 1934. Statements contained in this release that
are not
historical facts may be deemed to be forward-looking statements.
Investors are
cautioned that forward-looking statements are inherently uncertain.
Actual
performance and results may differ materially from that projected
or suggested
herein due
to
certain risks and uncertainties including, without limitation,
ability to
obtain financing and regulatory and shareholder approval for
anticipated
actions.
The
above news release has been provided by the above company via the
OTC
Disclosure and News Service. Issuers of news releases and not OTC
Markets Group
Inc. are solely responsible for the accuracy of such news
releases.
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