Business
Revision of Previous Press Release
Revision of Previous Press Release.
About this update from Discovery Minerals Ltd.
[{"type":"text","content":"\n \n \n \n\n\nDiscovery\nMinerals Ltd., Shareholders Update\n\nOctober\n17, 2013\n\n \n\nOTC Disclosure\n& News Service\n\n \n\nReno,\nNV ? (ACCESSWIRE) October 18, 2013 10:00:00 AM - Discovery Minerals Ltd. (OTC\nPINK:DSCR) would like to update all current shareholders regarding the Press\nRelease disseminated August 13, 2013 in which the company announced the\npotential issuance of Anti-Dilutive Convertible Preferred Shares to confirmed\nshareholders in street name. Pursuant to our previously stated release the\nBoard of Directors and Corporate Counsel have since reviewed the required\nregulatory process, procedures and filing obligations necessary to complete\nthis proposed issuance and have deemed that the company will be unable to meet\nthe requirements to fulfill this action at this time. Discovery?s CEO, Russell\nSmith commented, ?Due to the inability to meet all of the regulatory\nrequirements required to complete this corporate action, and that all common\nshareholders must be afforded the same privileges, the company at this time\nwill not be pursuing this action, but fully intends to do so at a future date.?\n\n \n\nAbout\nDiscovery Minerals Ltd.:\n\nDiscovery\nMinerals Ltd. (Frankfurt WKN: A0LB3X) (Kurzel: D7Z) (OTC Pinksheets: DSCR) is a\nproduction stage company formed to acquire and develop natural resource\nproperties. Activities include gold,\nprecious metals and minerals, including rare earth minerals production and\nsales. The Company initiated a new program to evaluate undervalued assets,\nincluding clean tech and alternative energy investments, for potential addition\nto its portfolio.\n\n \n\nSafe\nHarbor: This release includes forward-looking statements within the\nmeaning of Section 27A of the Securities Act of 1933 and Section 27E of the\nSecurities Act of 1934. Statements contained in this release that are not\nhistorical facts may be deemed to be forward-looking statements. Investors are\ncautioned that forward-looking statements are inherently uncertain. Actual\nperformance and results may differ materially from that projected or suggested\nherein due\n\nto\ncertain risks and uncertainties including, without limitation, ability to\nobtain financing and regulatory and shareholder approval for anticipated\nactions.\n\n \n\nThe\nabove news release has been provided by ...