Discovery Metals Announces C$25.0 Million Private Placement With C$10.0 Million Investment From Eric Sprott

discovery-news-release-announcing-2020-pp-sdfaqw

Toronto, Ontario – Discovery Metals Corp. (“Discovery”) (TSXV: DSV, OTCQX: DSVMF) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) to raise up to C$25,000,000 through the issuance of up to 45,454,545 units (“Units”) at a price of C$0.55 per Unit. Each Unit is comprised of one common share of Discovery ( “Common Share”) and one half of one Common Share purchase warrant, with each full warrant exercisable at C$0.77 for a period of two years after the date of issuance.

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