Discovery Minerals LTD (DSCR)

[Ryan8]

Further Due Diligence Proving Your Narrative Wrong

Source: https://www.otcmarkets.com/otcapi/company/financial-report/324826/content - Page 25

Note 8 – Subsequent Events Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. As previously disclosed in the Company’s period ending March 31, 2021 quarterly report and further press release dated April 30, 2021, the Company signed an agreement with ALT 5 Sigma for the development of its Discovery Coin and Gateway Payment.

However, management has determined this course of action would not be in the Company’s or the shareholders best interest and has terminated the agreement and is no longer exploring a crypto currency initiative.

In December 2021 the Company entered into an escrow agreement whereby all coin buyers will be refunded their full purchase amount. The escrow structure remains intact while the Company is awaiting the refund money for the coin buyers.

Source: https://www.otcmarkets.com/otcapi/company/financial-report/324826/content - Page 25