Discovery-Corp Announces Closing $150,000 Private Placement
TSX.V Symbol: DCY
1108 -193 Aquarius Mews * Vancouver * British Columbia * CANADA * V6Z 2Z2
Tel. 778 371 9936 www.discovery-corp.com
News Release
March 13, 2019
For immediate release
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Discovery-Corp Announces Closing $150,000 Private Placement
Vancouver - Discovery-Corp Enterprises Inc. (the "Company") (DCY -TSXV) announces that,
further to its news release dated February 21 , 201 9, it has closed its non -brokered private
placement of 15,000,000 units (“ Units”) at a price of $0.01 per Unit (the "Offering ") for gross
proceeds of $150,000. The proceeds raised from the Offering are for working capital to preserve
the Company's existing operations and assets and includes payments to related parties . Funds
will be used for general administrative and office expenses including accounting, legal, trust
services, regulatory fees and exploration property maintenance expenses. No finder’s fees were
paid in connection with the Offering.
Each Unit consists of one common share ("Share") and one share purchase warrant of the
Company ("Warrant"). Each whole Warrant will entitle the holder to purchase an additional
Share (a "Warrant Share") at an exercise price of $0.05 per Warrant Share until March 7, 2022.
All securities issued pursuant to the Offering are subject to a four -month resale restriction
expiring on July 15, 2019.
Iain Brown (“Mr. Brown”) Director and Officer of the Company announces that he (as such term
is defined under Multilateral Instrument 62 -104) ha s acquired ownership and control of
3,000,000 units (the " Units") of the Company through a private placement at a price of $0.0 1
per Unit on March 8, 2019. The 3,000,000 common shares (the "Shares") and 3,000,000 share
purchase warrants (the " Warrants") comprising the Units acquired by Mr. Brown represent
12.5% of the Company's issued and outstanding common shares on a non -diluted basis or
13.6% of the Company's issued and o utstanding common shares, calculated on a partially -
diluted basis assuming the exercise of Mr. Brown’s Warrants.
After giving effect to the acquisition referred to above, Mr. Brown will beneficially own an
aggregate total of 10,880,000 Shares and 6,380,000 Warrants and zero stock options . Mr.
Brown acquired the Units for investment purposes. Mr. Brown intends to evaluate his
investment in the Company and to increase or decrease his shareholdings as he determines for
investment purposes.
This press release is being disseminated as required by National Instrument 62 -103, The Early
Warning System and Related Take -Over Bids and Insider Reporting Issues in connection with
the filing of an early warning report (the " Early Warning Report"). A copy of the Early Warning
Report may be found on www.sedar.com under the Company's profile.
1108 -193 Aquarius Mews * Vancouver * British Columbia * CANADA * V6Z 2Z2
Tel. 778 371 9936 www.discovery-corp.com
2
On Behalf of the Board of Directors
“Iain Brown”, Chief Financial Officer
Discovery-Corp Enterprises Inc.
Discovery-Corp is a junior exploration company based in Vancouver, Canada that is focused on finding
high quality gold and copper properties. Discovery -Corp’s properties include the Galaxy, located in the
New Afton camp in Kamloops, British Columbia and the Rock Creek Ranch, located in North Central
Nevada at the intersection of the Getchell and Battle Mountain-Eureka gold trends.
This release has been prepared by Management – The TSX Venture Exchange has not reviewed this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward looking statements which involve known and unknown risks, delays, and
uncertainties not under the corporations control which may cause actual results, perf ormance or achievements of the
corporation’s to be materially different from the results, performance or expectation implied by these forward looking
statements. Certain statements set out in this News Release constitute forward -looking statements. Forward-looking
statements (i) are often, but not always, identified by the use of words such as “expect”, “may”, “could”, “anticipate”,
or “will”, and similar expressions; (ii) are subject to a variety of known and unknown risks and uncertainties and other
factors that could cause actual events or outcomes to differ materially from those anticipated or implied by s uch
forward-looking statements.