Discovery Minerals LTD (DSCR)

[cjstocksup]

The 9.5 million dollars in assets is what is important.
Jul 12, 2013 (ACCESSWIRE via COMTEX) -- Reno, NV (eTeligis via ACCESSWIRE) 7/12/2013 7:10:00 AM - Discovery Minerals, Ltd. (OTC PINK: DSCR) is pleased to announce the finalization of the merger and acquisition of Deer Park Development Corporation, a Nevada real estate company, as a wholly-owned subsidiary. The acquisition is an all-stock transaction, with a share exchange agreement for convertible preferred stock, the final terms of the transaction being disclosed in the Company's Disclosure documents, on or before July 31st, 2013. Chief Operating Officer Henry Manayan who is spearheading the post-merger corporate integrations between the two companies stated, "The acquisition makes business sense because Deer Park Development Corporation had a U.S. GAAP standard audit done in 2011 where over $9.5 million in impaired equity was quantified on the balance sheet. Deer Park brings commercial interests, equity, rights and entitlements in a variety of businesses that include alternative energy technology assets, gaming machines, entertainment and leisure facilities, and a list of real estate transactions that can be executed by the current President, Mr. Marty O'Malley, who will remain at the helm of the subsidiary".
Mr. O'Malley is very encouraged by the response to his proposals in South Dakota to purchase existing slot machine operations. He said "With some careful planning and management, Deer Park could be running 100 machines by December." DSCR