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Tuesday, February 08, 2022 12:11:33 PM
Discovery Minerals, Ltd., played it loose and fast on the redomicile, and if not for the par capital
mismatch discovered, would of gone undetected, as per the intent of management.
This authorized capital increase from 5 to 10 billion without shareholder notice is about as big as a
gotcha as you can find. For something this big to stick the "scienter" or managements state of
mind must be solid and it is.
In all filings pertaining to Discovery Minerals, Ltd, there is not one mention of the redomicile process, or
the increased in authorized common to 10,000,000,000. No mention of this in the subsequent events disclosure,
not in the footnotes of the financials, and most alarming no disclosure of the stated authorized par capital
being increased from $50,000 to $1,000,000 in the financials.
In support of management's conscious state of mind to evade disclosure of the Wyoming redomicile of DSCR to
increase authorized shares from 5 to 10 billions common shares include.
Time Line
1.a On June 18, 2018 Russell Smith signed a resolution as sole director of
Discovery Minerals Ltd., to file an application in Wyoming to continue the company from Nevada.
Wyoming filed Articles of Continuance, Discovery Minerals, Ltd., on June 19, 2018
*** OF IMPORTANCE OFFICIAL REPRESENTATION TO WYOMING SOS***
DATE: June 19, 2018
Number of Shares: 4,986,999,994
Class: Common
Series:
Par Value per share: $.01
Source:
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=110028154016030013238250196054172072183198118054
OTC Market Mismatch
On June 30, 2018, DSCR closed out it third business quarter and filed its mandatory report
with OTC markets. In this report DSCR omitted the following:
Source:
https://www.otcmarkets.com/otcapi/company/financial-report/199645/content
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