Discovery–Corp Announces Termination of Proposed Arrangement
LEGAL*58530003.1
Discovery-Corp 125A–1030 Denman Street, Suite 553, Vancouver, BC, Canada V6G 2M6 [email protected]
15434019.1
Trading Symbol TSXV: DCY
News Release for immediate release
April 17, 2025
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Discovery–Corp Announces Termination of Proposed Arrangement
Vancouver – Discovery–Corp Enterprises Inc. (“Discovery”) (TSXV: DCY) announces that the proposed
reverse takeover (the “ Transaction”) of Discovery by Scramble Resources Corp. (“ Scramble”) has
terminated. As previously announced, Discovery and Scramble entered into an arrangement agreement
dated October 13, 2022 , with respect to the Transaction. For additional information re garding the
proposed Transaction, please see the news release dated October 13, 2022 and under Discovery’s
SEDAR+ profile at www.sedarplus.ca.
As described in the news release dated March 2, 2023, Discovery submitted a draft joint management
information circular and related initial documentation to the TSX Venture Exchange (“TSXV”) for approval
in connection with the Transaction . The arrangement agreement was intended to constitute a reverse
takeover of Discovery under the rules and policies of the TSXV and as such conditions of the Transaction
included TSXV approval, shareholder approval and court approval. The TSXV has not approved the
Transaction or given conditional approval, nor has the Transaction received required Discovery
shareholder or court approval.
On Behalf of the Board of Directors
“Iain Brown”, Director and CFO
Discovery–Corp Enterprises Inc.
Additional Information
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this news release.
Investors are cautioned that any information released or received with respect to the now terminated
Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of
Discovery should be considered highly speculative. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.