Discovery Minerals Ltd., Shareholders Update
October 17, 2013
OTC Disclosure & News Service
Reno, NV ? (ACCESSWIRE) October 18, 2013 10:00:00 AM - Discovery Minerals Ltd. (OTC PINK:DSCR) would like to update all current shareholders regarding the Press Release disseminated August 13, 2013 in which the company announced the potential issuance of Anti-Dilutive Convertible Preferred Shares to confirmed shareholders in street name. Pursuant to our previously stated release the Board of Directors and Corporate Counsel have since reviewed the required regulatory process, procedures and filing obligations necessary to complete this proposed issuance and have deemed that the company will be unable to meet the requirements to fulfill this action at this time. Discovery?s CEO, Russell Smith commented, ?Due to the inability to meet all of the regulatory requirements required to complete this corporate action, and that all common shareholders must be afforded the same privileges, the company at this time will not be pursuing this action, but fully intends to do so at a future date.?
About Discovery Minerals Ltd.:
Discovery Minerals Ltd. (Frankfurt WKN: A0LB3X) (Kurzel: D7Z) (OTC Pinksheets: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due
to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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