SM - $FLST - GREAT CONSOLIDATION YESTERDAY. CLOSE TO $1 MILLY TRADED YESTERDAY AND $1.3 THE DAY BEFORE BETWEEN .29 AND .40. TINY UNDER 6 MILLY FLOAT LOCKING UP AND NOW WE GO BACK TO 200 DMA.
DSCR News - Discovery Minerals Ltd Announces that Majority of its Non-Affiliated Debt Holders will convert their Notes into Convertible Preferred Stock Aug 08, 2013 OTC Disclosure & News Service
Reno, NV -
ACCESSWIRE) 8/8/2013 7:00:00 AM - Discovery Minerals Ltd. (OTC PINK: DSCR) is pleased to announce that it has successfully concluded a memorandum of understanding with its Non-Affiliated Debt holders to convert their long standing notes into convertible preferred stock. The understanding between everyone is that these equity securities will form the backbone of a Registration Statement with the SEC.
Russell Smith, CEO of Discovery Minerals states, "We are extremely pleased with the progress we have made. We have completed an acquisition, brought the affiliated debt down, and now put the wheels in motion to bring our non-affiliated debt down dramatically. We have started the audit process with Malone Bailey LLP and now we are preparing for the next step, which is to file a Form S-1 with the SEC so that we can become a fully reporting OTCQB company. Naturally, this is a work in progress, but we are meeting our commitments and soon our confirmed stockholders in street name will see the benefits of our actions. Our objective is to become fully reporting with the SEC, through registration, and build on that value by becoming a Business Development Corporation, with a strong focus on mining properties."
News 
Market Data 
Discover 
AI
