Discovery Ventures Inc. ("Discovery") (TSX VENTURE:DVN) is pleased to announce
it has received conditional approval from the TSX Venture Exchange with respect
to the binding letter agreement dated November 4, 2013 (the "Agreement").
Pursuant to the terms of the Agreement, Roca Mines Inc. ("Roca") has granted an
exclusive option to Discovery to acquire all of the issued and outstanding
common shares of FortyTwo Metals Inc., a wholly-owned subsidiary of Roca. As
discussed in Discovery's news release dated November 6, 2013, FortyTwo holds,
among other assets, the Max Mine which includes an underground molybdenum mine,
crushing, milling and concentrating facilities, tailings storage facilities,
mineral claims, mining leases, licenses and other holdings located near Trout
Lake in the Revelstoke mining division of the Province of British Columbia. The
Max Mine is located approximately 135 kilometres from Discovery's Willa Project
and is a formerly producing molybdenum mine that operated from 2007 until
November 2011 when depressed metal prices led to its closure.


Akash Patel, President of Discovery stated, "We are very excited about the
proposed acquisition of the Max Mine and Mill complex and the strategic
synergies that may result by combining Discovery's existing Willa Project with
the Max Mine processing facility."


If you would like to be added to Discovery's news distribution list, please send
your email address to info@discoveryventuresinc.com or visit our website located
at www.discoveryventuresinc.com.


Akash Patel, President and Director, Discovery Ventures Inc.

This press release contains forward-looking information that involve various
risks and uncertainties regarding future events. Such forward-looking
information can include without limitation statements based on current
expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Discovery, such as the statement that
Discovery may exercise the option, or any stage of the option and acquire any
portion or all of the shares of FortyTwo. There are numerous risks and
uncertainties that could cause actual results and Discovery's plans and
objectives to differ materially from those expressed in the forward-looking
information, including: (i) adverse market conditions; (ii) risks inherent in
the mineral exploration industry in general; (iii) the ability of Discovery to
exercise one or more stages of the option; (iv) the ability of Discovery to
raise sufficient funds to exercise one or more stages of the option; (v) the
risk in Roca receiving an offer to sell the shares of FortyTwo that it is
willing to accept in substitution of Discovery's option under the Agreement;
(vi) the risk in one or more creditors of Roca or FortyTwo placing either entity
into bankruptcy; (vii) inability to acquire permits or First Nation support for
mining operations with respect to the Willa Project or the Max Mine; and (viii)
latent environmental liabilities with respect to the Willa Project or the Max
Project. Actual results and future events could differ materially from those
anticipated in such information. These and all subsequent written and oral
forward-looking information are based on estimates and opinions of management on
the dates they are made and are expressly qualified in their entirety by this
notice. Except as required by law, Discovery does not intend to update these
forward-looking statements.


Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange Inc.) accepts
responsibility for the adequacy or accuracy of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Discovery Ventures Inc.
Ron Birch
Investor Relations
(604)-818-1706
T: (250)-545-0383 or Toll free: 1-800-910-7711
www.discoveryventuresinc.com

Grafico Azioni Discovery Ventures Inc. (TSXV:DVN)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Discovery Ventures Inc.
Grafico Azioni Discovery Ventures Inc. (TSXV:DVN)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Discovery Ventures Inc.