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If anyone looks at the 6 month chart, it’s literally going uphill in a perfect line.
NEWS!!
Converge Technology Solutions Corp. Acquires Workgroup Connections, Inc.
December 02 2020 - 09:00PM
PR Newswire (Canada)
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TORONTO, Dec. 2, 2020 /CNW/ - Converge Technology Solutions Corp. ("Converge") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has acquired Workgroup Connections, Inc. ("Workgroup Connections" or the "Company"), a technology solutions company that helps businesses through leading-edge cloud, software development, and licensing services and solutions.
Got in here at $3.00 and currently $3.70
Let’s see how far this company can go. Dell approves of them 100%
Last weeks NEWS!
Kootenay Intercepts 608 gpt Silver Over 5 Meters Within 229 gpt Silver Over 22 Meters at Columba Project, Mexico
August 13 2020 - 12:30PM
PR Newswire (Canada)
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VANCOUVER, BC, Aug. 13, 2020 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce results from an additional 4 holes from its 7,000 meter drill program, at the Columba high-grade silver project (the "Property") located in Chihuahua State, Mexico.
Kootenay Silver Inc. Logo (CNW Group/Kootenay Silver Inc.)
Among the 4 holes reported in the release, CDH-20-057 to CDH-20-059 tested along the F-Vein. Hole CDH-20-60 intercepted the J and Z Vein system and encountered a well mineralized breccia and quartz vein stockwork zone located approximately 700 meters east from the F-Vein.
Highlights from J and Z Vein system include:
CDH-20-060
132 gpt silver over 64 meters including two notable intervals:
1,025 gpt silver over 1.0 meters within 226 gpt silver over 9.0 meters.
361 gpt silver over 11 meters including 608 gpt silver over 5.0 meters, and 1,160 gpt silver over 1.0 meters all within 229 gpt silver over 22 meters.
Hole CDH-20-060 is about 40 meters deeper and 20 meters along strike from previously announced hole CDH-19-030 (see news release dated December 12, 2019). This Phase I drill hole hosted the following high-grade mineralization:
CDH-19-030
200 gpt silver over 25.85 meters which included;
415 gpt silver over 11.15 meters, including
982 gpt silver over 1.9 meters within 721 gpt silver over 4.07 meters.
The silver mineralization in the J and Z Vein system is related to silicified breccias and thin quartz vein stock works following classic banded quartz vein structures more characteristic of the F-Vein.
Kootenay President & CEO, James McDonald, stated "This area of the J and Z Vein has become very exciting and prospective following this second considerable intercept of high silver grades. Finding silver hosted in breccias and stock works in this area indicates the potential to discover large mineralized zones along shorter strike lengths than typically seen in the veins themselves."
The geometry of the relatively untested J and Z Vein system is not known at this time. More holes are needed to determine the geometry (strike and dip), extent of continuity and size of the zone.
Detailed Drill Results
Hole ID
From
(meters)
To
(meters)
Interval
(meters)
Silver
(gpt)
Pb
(%)
Zn
(%)
Geologic
Intersection
CDH-20-060
144
208
64
132
0.03
0.1
J-Z Vein
Includes
147
156
9
226
0.03
0.13
Includes
152
153
1
1025
0.08
0.21
Includes
183
205
22
229
0.05
0.14
Includes
190
201
11
361
0.08
0.18
Includes
191
196
5
608
0.09
0.12
Includes
191
192
1
447
0.034
0.096
Includes
192
193
1
342
0.056
0.081
Includes
193
194
1
1160
0.1
0.128
Includes
194
195
1
776
0.175
0.223
Includes
195
196
1
315
0.093
0.101
CDH-20-057
275.91
280.47
4.56
103
0.12
0.19
F Vein
Includes
275.91
280.47
1.81
163
0.26
0.32
And
166
226.84
60.84
40
0.03
0.1
Hole 60 is reporting the drilled length of mineralization because there is not sufficient data to understand the geometry to estimate a true width. Hole 57 is reported as drilled length of mineralization. The true width is estimated at about 81% of the drilled width or about 3.74 meters.
F Vein Results
CDH-20-57 is one of the deeper intercepts along the F-Vein hitting 4.56 meters of quartz vein grading 103gpt silver including. 1.81 meters of 163 gpt silver at a depth of 208 meters from surface. The nearest hole CDH-20-051 is located approximately 57 meters up dip and 60 meters along strike. CDH-20-051 hit 317 gpt silver over 4.36 meter including 769 gpt silver over 1.1 meters in the F Vein and 865 gpt silver over 2 meters in a hanging-wall structure (see news release dated May 26, 2020).
CDH-20-058 hit an old mine working at target depth.
CDH-20-059 hit 4.1 meters of F-Vein at the northwestern most extent of the drill tested area. The F Vein at this location was occupied by massive calcite which did not carry any significant results.
Click to view the plan map, long section, and cross sections.
Sufficient drilling has been conducted along the F-Vein to establish good continuity for about 700 meters of strike to depths of 230 meters. Drilling is currently focused on the veins not yet tested and will follow up on intercepts encountered in various other veins during the 2019, Phase I drill campaign.
Drilling is ongoing and more results will be released once holes are completed and assays are received, compiled, and interpreted.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
Neither the 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.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at August 12, 2020. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
SOURCE Kootenay Silver Inc.
Kootenay Stocks 1 month and 3 month chart look great. Looks like it will only go up for months to come, plus their drilling results are looking positive.
Silver has been down for a few days and this is the perfect time to add/buy silver stocks!
Just jumped in @ $0.48
New Canada stock high of $0.49 !! Ding ding
NEWS!!. Nice to see they are almost done repairing the well. After the repair they test the amount of gas coming out and then redirect it to sell $$$
If the shares have indeed gone from public to private this is what happens. I’ve had it happen twice to me and this will be the 3rd time.
How Does Privatization Affect a Company's Shareholders?
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By CALEB SILVER
Updated Oct 5, 2019
An initial public offering (IPO) is a common occurrence. Private companies hold an IPO or go public by transferring portions of their ownership to purchasing parties by issuing equity or debt holdings to investors. However, the reverse scenario may also occur, where a public company transitions its public ownership to private interests.
In a public-to-private market transaction, a group of investors purchases the majority of a public company’s outstanding stock shares. This transaction effectively takes the company private by de-listing it from a public stock exchange. While companies may be privatized for a multitude of reasons, this event most often occurs when a company is substantially undervalued in the public market.
KEY TAKEAWAYS
With a public-to-private deal, investors buy out most of a company's outstanding shares, moving it from a public company to a private one.
The company has gone private as the buyout from the group of investors results in the company being de-listed from a public exchange.
Going from public-to-private is less common than the opposite, in which a company goes public, typically through an initial public offering (IPO).
The process of going private is easier and includes fewer steps and regulatory hurdles than the process of going public.
Typically, a company seen as undervalued in the market will opt to go private, although there can be other reasons such an action is taken.
Privatization
Taking a public company private is a relatively simple maneuver that typically involves fewer regulatory hurdles than private-to-public transitions. For example, a private group may offer to buy a company stipulating the price they are willing to pay for the company's shares. If a majority of the voting shareholders accept the offer, the bidder then pays the consenting shareholders the purchase price for every share they own.
For example, if a shareholder owns 100 shares and the buyer offers $26 per share, the shareholder nets a profit of $2,600 for relinquishing their position. This situation is typically favorable for shareholders because private bidders customarily offer a premium on the current market values of the shares.
Many well-known companies have de-listed from a major stock exchange at various points in their existence including Dell Inc., Panera Bread, Hilton Worldwide Holdings Inc., H.J. Heinz, and Burger King. Some companies de-list to go private, then return to the market as public companies with another IPO.
Privatization can be a nice boon to current public shareholders, as the investors taking the firm private will typically offer a premium on the share price, relative to the market value.
Interest in Privatization
In some cases, the leadership of a public company will proactively attempt to take a company private. TESLA is an example. On August 7, 2018, Tesla (TSLA) founder and CEO Elon Musk tweeted that he was considering taking the company private at $420 per share—a substantial boost from the stock’s then trading price.
After his announcement, shares spiked more than 10 percent, and trading was halted following the ensuing news frenzy. In a letter to employees, Musk justified his intentions, with the following message:
As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders. Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term.
The Bottom Line
?While large public companies going private does not occur nearly as often as private companies going public, examples exist throughout market history. In 2005, Toys "R" Us famously went private when a purchasing group paid $26.75 per share to the company's shareholders.
This price was more than double the stock's $12.02 closing price on the New York Stock Exchange in January 2004. This example shows that shareholders are often well-compensated when they relinquish their shares to private concerns.
New high of $0.48 Oil has been surprisingly good for the last couple of months!
NEWS!!!
Discovery Reports 2,007 g/t AgEq Over 1.9 m and 1,073 g/t AgEq Over 1.3 m in Follow-Up Vein Drilling at Cordero
August 19 2020 - 12:00PM
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Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) (“Discovery” or the “Company”) is pleased to announce results from four diamond drill holes targeting extensive vein trends at its flagship Cordero project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. The holes are part of a 55,000-metre (“m”) Phase 1 diamond core drilling program that commenced in September 2019. The goal of this drill program is to define a large-scale, high-margin project with excellent leverage to rising silver prices.
Highlight intercepts include:
Todos Santos Vein
Hole C20-344: 1.9 m averaging 2,007 grams per tonne silver equivalent (“g/t AgEq1”) from 171.1 m (1,035 g/t Ag, 0.06 g/t gold (“Au”), 20.0% lead (“Pb”) and 6.4% zinc (“Zn”)) within a 4.7 m breccia-vein interval averaging 1,299 g/t AgEq1 (635 g/t Ag, 0.15 g/t Au, 12.3% Pb, 5.3% Zn)
Hole C20-347: 0.5 m averaging 1,293 g/t AgEq1 from 125.7 m (629 g/t Ag, 0.33 g/t Au, 13.0% Pb and 4.4% Zn) within a 5.6 m interval averaging 312 g/t AgEq1 (135 g/t Ag, 0.18 g/t Au, 2.7% Pb, 1.6% Zn)
Parcionera Vein
Hole C20-340: 1.3 m averaging 1,073 g/t AgEq1 from 69.6 m (587 g/t Ag, 0.67 g/t Au, 9.4% Pb and 2.4% Zn)
South Corridor
HoleC20-345: 2.0 m averaging 966 g/t AgEq1 from 66.0 m (846 g/t Ag, 0.33 g/t Au, 2.6% Pb and 0.1% Zn)
Hole C20-345: 0.7 m averaging 785 g/t AgEq1 from 228.4 m (433 g/t Ag, 0.12 g/t Au, 1.4% Pb and 7.1% Zn)
Taj Singh, President and CEO, states: “When we acquired Cordero a year ago, we identified more than 5 km strike extent of historic underground workings on veins as a distinct exploration target that had the potential to impact the Project. Our initial holes targeting these vein trends show significant promise and we have now made the decision to present results from these veins separately from drill hole results targeting the bulk-tonnage resource. With four drill rigs now active on site, we are focused on both expanding the higher-grade bulk-tonnage core of the deposit and systematically assessing the extensive vein trends.”
DRILL RESULTS:
Todos Santos Vein: Hole C20-344 intercepted a high-grade fault-fill vein that returned 1.9 m averaging 2,007 g/t AgEq1 from 171.1 m. The intercept was approximately 50 m down dip from the vein intercepted in hole C20-342, which returned 1.4 m averaging 1,907 g/t AgEq1 in a banded massive sulphide vein (see Discovery press release dated July 20, 2020), confirming the depth continuity of the high-grade vein in this area. Hole C20-347 was drilled approximately 100 m along strike from hole C20-344 and intercepted 5.6 m averaging 312 g/t AgEq1 including a high-grade sulphide vein that returned 0.5 m averaging 1,293 g/t AgEq1. The Todos Santos vein trend has a known south-west strike extent of at least 1.2 kilometres (“km”) based on historic underground workings with veins dipping steeply to the north-west.
Parcionera Vein: Hole C20-340 intercepted a high-grade vein that returned 1.3 m averaging 1,073 g/t AgEq1 from 69.6 m. The intercept was adjacent to an old mine opening that is approximately two metres wide and was 40 m along strike to the north-east of hole C20-338 which intercepted 1.5 m averaging 1,119 g/t AgEq1 from 149.8 m (see Discovery press release dated July 20, 2020). The Parcionera vein trend is interpreted to have a 350 m west-southwest strike and dips steeply to the north, as defined by two of the larger historical mine workings, pierce points from six historical drill holes and five Discovery drill holes. Vein mineralization is dominantly coarse-grained pyrite (40%) in bands with intercalations and bands or veinlets of red-brown sphalerite (4-5%) and coarse-grained galena (2-3%).
South Corridor: Hole C20-345 intercepted two previously unidentified veins that returned 2.0 m averaging 966 g/t AgEq1 from 66.0 m and 0.7 m averaging 785 g/t AgEq1 from 228.5m. These intervals are approximately 80 m to the north-east of hole C20-337, which intercepted a similar style vein that returned 0.8 m averaging 3,214 g/t AgEq1 (see Discovery press release dated July 20, 2020). Additional drilling to test the continuity of these possible feeder veins is underway.
Drill hole locations for all holes are shown in Figure 1 (see links below). Further drill highlights are provided in the table below.
Hole ID From
(m) To
(m) Width
(m) Ag
(g/t) Au
(g/t) Pb
(%) Zn
(%) AgEq1
(g/t)
Location
C20-340 69.6 70.9 1.3 587 0.67 9.4 2.4 1,073 Parcionera
Vein
C20-344 171.1 175.8 4.7 635 0.15 12.3 5.3 1,299 Todos
Santos
Vein
Including: 171.1 173.0 1.9 1,035 0.06 20.0 6.4 2,007
C20-347 121.8 127.3 5.6 135 0.18 2.7 1.6 312 Todos
Santos
Vein
Including: 125.7 126.2 0.5 629 0.33 13.0 4.4 1,293
C20-345 55.7 74.6 19.0 108 0.06 0.4 0.1 130 South
Corridor
including 66.0 68.0 2.0 846 0.33 2.6 0.1 966
and 228.4 229.1 0.7 433 0.12 1.4 7.1 785
* Refer to Technical Notes & References section below for details on assumptions and calculations. Full assay results can be found at the link in the next section below. Widths are drilled widths, not true widths, as a full interpretation of the actual orientation of mineralization is not complete.
PHASE 1 DRILL PROGRAM UPDATE:
The Company has completed 22,600 m (62 holes) as part of its recently expanded 50,000-55,000 m Phase 1 drill program. Assays from six holes are pending. The Company added two drill rigs during the third week of August and now has four drill rigs on site. Additional drill rigs may be added when the Company is confident that the health and safety risks related to COVID-19 can be managed effectively.
Drilling is focused on two key concepts: (1) targeting of broad zones of breccia-hosted mineralization in the east and north-east of both mineralized corridors; and (2) testing of the width, grade and continuity of extensive high-grade vein systems identified in and adjacent to historical artisanal underground workings at the Project.
Supporting maps and sections, drill hole locations and full assay results can be found at the following link: https://dsvmetals.com/site/assets/files/5395/2020-08-19-dsv-pmsa.pdf
A copy of this release with supporting maps and sections included as appendices can be found at the following link: https://dsvmetals.com/site/assets/files/5395/2020-08-19-dsv-nr.pdf
On Behalf of the Board of Directors,
Taj Singh, M.Eng, P.Eng, CPA,
President, Chief Executive Officer and Director
About the Cordero Project
Cordero is located on the eastern edge of the Sierra Madre Occidental mountains in the northern part of the Central Mexican Silver Belt, Mexico’s premier porphyry and carbonate replacement deposit district. Mineralization at Cordero is similar in nature to well-known nearby bulk tonnage precious metals mines and projects (e.g. Newmont Corporation’s Peñasquito Mine and Orla Mining Ltd.’s Camino Rojo project). In addition to the bulk tonnage mineralization there are also multiple high-grade silver-zinc-lead-gold sulphide vein trends as evidenced by more than 40 historical shallow, vertical shafts and associated underground workings.
About Discovery
Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) is a Canadian exploration and development company headquartered in Toronto, Canada, and focused on historic mining districts in Mexico. Discovery’s flagship is its 100%-owned Cordero silver project in Chihuahua State, Mexico. The 35,000-hectare property covers a large district that hosts the announced resource as well as numerous exploration targets for bulk tonnage diatreme-hosted, porphyry-style, and carbonate replacement deposits.
For further information contact:
Forbes Gemmell, CFA
VP Corporate Development & Investor Relations
forbes.gemmell@dsvmetals.com
TECHNICAL NOTES & REFERENCES:
1 All results in this news release are rounded. Assays are uncut and undiluted. Widths are drilled widths, not true widths, as a full interpretation of the actual orientation of mineralization is not complete. Composites for this release were chosen at a 25 g/t AgEq cutoff, whereby no more than 5m of below-cutoff material is included in any composite interval. AgEq calculations are used as the basis for total metal content calculations given Ag is the dominant metal constituent as a percentage of AgEq value in approximately 70% of the Company’s mineralized intercepts. AgEq calculations for reported drill results are based on USD $16.50/oz Ag, $1,350/oz Au, $0.85/lb Pb, $1.00/lb Zn. The calculations assume 100% metallurgical recovery and are indicative of gross in-situ metal value at the indicated metal prices. Refer to note two below for metallurgical recoveries assumed in the 2018 PEA completed on Cordero.
2 The most recent technical report for the Cordero Project is the 2018 Preliminary Economic Assessment (PEA) authored by M3 Engineering and Technology Corp and includes the most recent resource estimate, completed by Independent Mining Consultants, Inc. It is available on Discovery’s website and on SEDAR under Levon Resources Ltd, a wholly owned subsidiary of Discovery. The PEA assumes metallurgical recoveries of 89% for Ag, 84% for Pb, 72% for Zn and 40% for Au.
Sample analysis and QA/QC Program: True widths of reported drill intercepts have not been determined. Assays are uncut except where indicated. All core assays are from HQ drill core unless stated otherwise. Drill core is logged and sampled in a secure core storage facility located at the project site 40km north of the city of Parral. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to ALS Geochemistry-Mexico for preparation in Chihuahua City, Mexico, and subsequently pulps are sent to ALS Vancouver, Canada, which is an accredited mineral analysis laboratory, for analysis. All samples are prepared using a method whereby the entire sample is crushed to 70% passing -2mm, a split of 250g is taken and pulverized to better than 85% passing 75 microns. Samples are analyzed for gold using standard Fire Assay-AAS techniques (Au-AA24) from a 50g pulp. Over limits are analyzed by fire assay and gravimetric finish. Samples are also analyzed using thirty three-element inductively coupled plasma method (“ME-ICP61”). Over limit sample values are re-assayed for: (1) values of zinc > 1%; (2) values of lead > 1%; and (3) values of silver > 100 g/t. Samples are re-assayed using the ME-OG62 (high-grade material ICP-AES) analytical package. For values of silver greater than 1,500 g/t, samples are re-assayed using the Ag-CON01 analytical method, a standard 30 g fire assay with gravimetric finish. Certified standards and blanks are routinely inserted into all sample shipments to ensure integrity of the assay process. Selected samples are chosen for duplicate assay from the coarse reject and pulps of the original sample. No QAQC issues were noted with the results reported herein.
Qualified Person: Gernot Wober, P.Geo, VP Exploration, Discovery Metals Corp., is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and validated that the information contained in this news release is accurate.
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 of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
Cautionary Note Regarding Forward-Looking Statements
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although Discovery believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. There can be no assurance that the Private Placement will close on the announced terms. Discovery does not assume any obligation to update any forward-looking statements except as required under applicable laws.
Primary Logo
Great Silver results from the new holes! And also nice to see 4 drilling rigs on the go right now. Too bad silver is down right now. Who know what today will bring. Long term we are going to do well though.
That $20-30 though Is only if they get into a major mining operation. $3, $6, $9 are more guaranteed than not. They already calculated that there is possibly 1.5Billion ounces of silver. Jus twist until they get more drill results in the new areas where they are drilling now or soon. I jumped in at $1.34 and people were saying I was late and it’s heading back down. This stock is going nowhere but north. You just have to ignore the daily dips because it flies up when it’s a good day.
Easily those numbers. By complete maturity of the company I’m in the range of $20 - $30. If silver prices stayed where they are or lower then yes $9, but I believe silver will go over $50
Boom New all time of $0.47!! Keep it going!
Financials look great today!! Still debt free and much more drilling !
$0.63!!! This just keeps slinking North
Huge volume today and hitting the $0.45cdn mark !!
Was a healthy pull back yesterday. Looks like there might be some more today. When silver starts going north again this will go up fast.
I like this!!!
Taj Singh, President and CEO of Discovery commented: “With over $80 million of cash on our balance sheet we are in a formidable position to continue to drive value through aggressive exploration, resource growth and future development, and to solidify our position as one of the premier names in the silver space.”
NEWS!!!!!!
Discovery Metals Closes $35 Million Private Placement Including $15 Million Investment from Eric Sprott
TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Discovery Metals Corp. (“Discovery”) (TSXV: DSV; OTCQX: DSVMF) is pleased to announce that it has closed the non-brokered private placement (the “Private Placement”), consisting of 25,927,000 units (“Units”) at a price of C$1.35 per Unit for aggregate proceeds of C$35,001,450. 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 (a “Warrant”) exercisable at C$1.75 for a period of two years after the date of issuance, expiring on August 7, 2022. Discovery announced the Private Placement on July 24, 2020.
Mr. Eric Sprott, through 2176423 Ontario Ltd. (a corporation which is beneficially owned by him), acquired 11,111,000 Units (composed of 11,111,000 Common Shares and 5,555,500 Warrants) in the Private Placement, for a total investment of C$14,999,850. Prior to the closing of the Private Placement, Mr. Sprott owned 66,025,611 Common shares of Discovery representing approximately 24.8% of the interest of Discovery on a non-diluted basis or 27.2% on a partially diluted basis, assuming the exercise of all Warrants held by Mr. Sprott. Through the purchase of Common Shares and Warrants in the Private Placement, Mr. Sprott will own approximately 26.4% interest in Discovery on a non-diluted basis or 29.9% on a partially diluted basis assuming the exercise of Warrants held by Mr. Sprott.
Taj Singh, President and CEO of Discovery commented: “With over $80 million of cash on our balance sheet we are in a formidable position to continue to drive value through aggressive exploration, resource growth and future development, and to solidify our position as one of the premier names in the silver space.”
Discovery has paid finders’ and advisory fees of C$1,763,848 in cash, in accordance with the policies of the TSX Venture Exchange. The securities issued on closing of the Private Placement are subject to a statutory hold period expiring on December 8, 2020.
Including the subscription by 2176423 Ontario Ltd., certain insiders of Discovery have acquired an aggregate of 14,611,000 Common Shares and 7,305,500 Warrants in the Private Placement, and as such the Private Placement is considered a “related party transaction” as defined under Multilateral Instrument 61-101. Discovery has relied on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the insiders’ participation in the Private Placement, as the Private Placement does not exceed 25% of the Company's market capitalization.
The Common Shares and Warrants were acquired by Mr. Sprott through 2176423 Ontario Ltd. for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of 2176423 Ontario Ltd.’s early warning report will appear on Discovery’s profile on SEDAR and may also be obtained by calling (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario, M5J 2J1).
The proceeds of the Private Placement will be used primarily to fund Discovery’s continuing exploration program at its Cordero project and its Coahuila projects. A portion of the proceeds will be used for general working capital and business development purposes.
Very nice! Today there may be some pull back just because silver is down, but this makes a buying opportunity to add and for new investors to jump in!
Discovery Metals is a Silver Exploration Company that has pretty much found 1-1.5 Billion Ounces of Silver on their property. As the silver price goes up these guys are reaping the rewards. Everyone including me believe this has the potential to be a $20 stock. I made an oath to hold it until February then reassess to see if I should hold for another year or let it go. Right now they have $75 million spending money for drilling. They have 2 drill rigs on the go as we speak and are drilling Efficiently, constantly giving us New drilling numbers And updates.
$2.84!!!!
Up over 37% now to $2.73 !! Now I’m a double bag owner cha-chinng
New all time high today with a 25% increase to $2.50! BOOM!!
Up 19% to $2.40!! This stock is a well oiled machine!
$2.30!!!
$2.23!!!
UP 10.45% to a new all time high of $2.22. Cha-chinnng
Yeah they did have a marijuana company started and with a website which is no more. So really they have nothing as of now lol
Well spending quality time with family doesn’t really help the business
Wow he’s pretty popular ha
Up 7.27% to $0.59!!
Up 5.45% to $0.58! Cmon $0.60
Hit a nice new 52 week high today of $0.40 on the Canadian side (:
Nice! Up 7.84% to $0.55 !!
Got in just over a month ago @ $0.30 and now Cruzsur is already @ $0.54 BOOM!!! Double Bagger on the way (: