$DSCR: Big News!!! Discovery Minerals LTD. Joint Venture on Industrial Hemp Receives Confirmation of Renewal for 2015
Dec 31, 2014 (EWORLDWIRE via Comtex) -- Discovery Minerals LTD. (OTC PINKSHEETS: DSCR.PK) announces it and joint venture partner, AB AGRO TECHNOLOGIES INC. have received confirmation of their License Renewal with Health Canada to cultivate industrial hemp for the calendar year 2015.
Management of both Discovery and AB AGRO have entered discussions with additional growing partners to increase the total acreage of hemp to be cultivated in the upcoming season. Last season's seed crop is currently in negotiations to be sold within 60 days at an advantageous price.
Russell Smith, CEO, commented, "Our new JV partners in Africa are very enthusiastic about growing industrial hemp and processing the hemp biomass into oil and other refined products. As the African company pointed out in preliminary discussions, there is abundant arable land available with two growing seasons combined with a very low cost structure. Discovery et al will be closely examining the opportunity to expand operations to Africa in the next few months. Cost and availability inquiries for suitable cultivating machinery have been carried out while awaiting the approval of the Government for growing and processing industrial hemp."
About Discovery Minerals LTD. (www.discoveryholdingscorp.com)
Discovery Minerals Ltd. (OTC PINKSHEETS: DSCR.PK) is an acquisition and development company that targets natural resource properties through its subsidiaries. These properties fall within two primary channels: precious metals/mining and industrial hemp. Discovery subsidiaries engage in activities that include the cultivation, product development, and distribution of industrial hemp; and gold, silver and precious metals. In addition, the company is pursuing clean tech and alternative energy investments to be integrated into these business channels.
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.
Contact:
Russell Smith
1-310-961-4654
info@discoveryholdingscorp.com
- Go DSCR
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