Business
Discovery Files Final Base Shelf Prospectus
TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (&#...
About this update from Discovery Silver Corp
[{"type":"text","content":"Discovery Files Final Base Shelf Prospectus\n\n\n\n TORONTO, May 05, 2025 (GLOBE NEWSWIRE) --\n \n Discovery Silver Corp.\n \n (TSX: DSV, OTCQX: DSVSF) (“\n \n Discovery\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that it has filed a final short form base shelf prospectus (the “\n \n Shelf Prospectus\n \n ”) with the securities regulatory authorities in each of the provinces and territories of Canada, following the completion of a regulatory review of the preliminary base shelf prospectus of the Company. The filing replaces the previous base shelf prospectus of the Company dated March 23, 2023.\n \n\n The Base Shelf Prospectus is a filing that will permit the Company, if it chooses at some future date, to make offerings of common shares, warrants, subscription receipts, units, or a combination thereof (the “\n \n Securities\n \n ”), during the 25-month period that the Shelf Prospectus remains effective, up to a maximum aggregate amount of C$500 million. The Company renewed its base shelf prospectus to maintain financial flexibility in support of financing potential future business developments. Securities may be offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in one or more shelf prospectus supplement(s). Detailed information regarding the use of proceeds from a sale of any Securities will be included in an applicable prospectus supplement(s).\n \n\n This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.\n \n\n A copy of the Shelf Prospectus is available on the Company’s issuer profile on SEDAR+ at\n \n www.sedarplus.ca\n \n , and may also be obtained by contacting the Company directly via email at\n \n [email protected]\n \n .\n \n\n\n\n ABOUT DISCOVERY\n \n\n\n\n Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through its first asset, the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastr...