Discovery Metals Grants Stock Options
January 13 2021 - 9:00AM
Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF)
(“Discovery” or the “Company”) announces that it has granted to
certain officers, directors, employees and/or consultants of the
Company an aggregate of 5,500,000 options to acquire common shares
of the Company (“Options”). The Options have an exercise price of
$1.89 per share, have a five-year term from the date of grant
(expiration date of January 12, 2026), and vest according to the
following schedules: 1) Management and employees: annually in equal
thirds beginning on the date of grant; 2) Directors: annually in
equal halves beginning on the date of grant; and 3) Consultants:
quarterly in equal eighths beginning three months after the date of
grant. Any common shares issuable upon exercises of Options will,
in accordance with applicable securities laws, be subject to a hold
period expiring four months and one day from the date of grant.
About DiscoveryDiscovery’s
flagship project is its 100%-owned Cordero silver project in
Chihuahua State, Mexico. Our drill results to date show that
Cordero is developing all the attributes of a tier 1 project –
grade, scale, significant organic growth opportunities and well
located in one of Mexico’s premier mining belts. The project is
supported by an industry leading balance sheet with over $80
million of cash allocated for aggressive exploration, resource
expansion and future development.
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.
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