Business
Discovery Metals Grants Stock Options
TORONTO, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) (“Discovery” or the “Company”) announces that it has granted to cer
About this update from Discovery Silver Corp
[{"type":"text","content":" TORONTO, Jan. 13, 2021 (GLOBE NEWSWIRE) -- 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 Discovery Discovery’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: [email protected]: 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...