Business
Engagement of Auditing Firm
Engagement of Auditing Firm.
About this update from Discovery Minerals Ltd.
[{"type":"text","content":"\n \n \n \n\n\nDiscovery Minerals Ltd. announces its Intent\nto become a fully reporting Issuer by retaining PCAOB Accounting Firm, MaloneBailey,\nLLP to audit its Financial Statements.\n\n\nJuly 12, 2013 (ACCESSWIRE via COMTEX) -- Reno, NV, July 12,\n2013 -- Discovery Minerals Ltd. (OTCPink: DSCR) is pleased to announce\nthat it will be proceeding with a two year US GAAP standard audit, so that it\ncan become a fully reporting Issuer. MaloneBailey, LLP, a reputable PCAOB\naccounting firm will commence with the audit, before the end of July, 2013.\nPreparations will also be made to initiate a registration, or Form S1 filing\nwith the SEC, once the company restructures its remaining affiliate and non-affiliate\ndebt obligations. \n\nRussell\nSmith, CEO, of Discovery Minerals states, \"We must become a fully\nreporting issuer, so that we can file directly with the SEC. Audited financial\nstatements are the cornerstone of transparent companies, and we need to meet\nthis objective in order to give our shareholders more confidence. We have been\na current filer with OTC Markets for some time, but as a domestic issuer, we\nneed to take that next step of filing audited statements, and registering with\nthe SEC, so that we can attract investment dollars for our various project\nrequirements.\"\n\nDiscovery Minerals\nis a U.S.-based metals exploration and development company focused on projects\nin the Western United States and California in particular. The Company is led\nby an experienced board of directors and management team with extensive\ncorporate, exploration, mine development and production operation records in\nthe US and Australia.\n\nAbout Discovery Minerals Ltd.:\n\nDiscovery Minerals Ltd. (Frankfurt\nWKN: A0LB3X) (Kurzel: D7Z) (OTCPink: DSCR) is a production stage company formed\nto acquire and develop natural resource properties. Activities include gold,\nprecious metals and minerals, including rare earth minerals production and\nsales. The Company has initiated a new program to evaluate undervalued assets,\nincluding clean tech and alternative energy investments, for potential addition\nto its portfolio.\n\nSafe Harbor: This release\nincludes forward-looking statements within the meaning of Section 27A of the\nSecurities Act of 1933 and Section 27E of the Securities Act of 1934.\nStatements contained i...