Discovery Metals Announces 2017 Agsm Results
Suite 2200, 885 West Georgia Street
Vancouver, British Columbia
V6C 3E8
NEWS RELEASE
DISCOVERY METALS ANNOUNCES 2017 AGSM RESULTS
Vancouver, British Columbia – June 29, 2017 – Discovery Metals Corp. (formerly “Ayubowan
Capital Ltd.:”) (the “Company” or “Discovery Metals”) (TSX-V: DSV.H) is pleased to announce the
results of its annual general and special meeting (“AGSM”) of shareholders held on June 27, 2017.
All matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting
and Management Information Circular, both dated May 31, 2017, were approved by the requisite
majority of votes cast at the AGSM.
The Company’s existing directors being Scott Ackerman, David Nelson and Doug McFaul were re -
elected. In addition, the Company would like to welcome Mark O’Dea, Murray John and Brent
Ackerman who were also elected to serve on the Company’s Board of Directors.
In connection with the Company’s proposed Change of Business transaction, the Company has also
received Exchange approval to advance an additional loan of US$50,000 (the “Loan”) to the vendors
of the Puerto Rico mineral concessions. The Loan will be credited towards the first cash payme nts
required under the Puerto Rico Agreement. The Loan has identical terms as the loan previously
announced by the Company on May 1, 2017.
Completion of the Company’s proposed Change of Business transaction, as described in the
Company’s news releases dated May 1, 2017, June 1, 2017 and June 14, 2017, remains subject to
Exchange approval. Trading in the Company’s common shares will remain halted pending further
filings with the Exchange. The Company is working diligently to complete the remaining filings with
the Exchange, with a view to completing the proposed transaction in short order.
For further information, contact Scott Ackerman at [email protected].
On Behalf of the Board of Directors of:
DISCOVERY METALS CORP.
Scott Ackerman
Director
Discovery Metals Corp.
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Completion of the transaction is subject to a number o f conditions, including but not limited to, Exchange
acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot
close until the required shareholder approval is obtained. There can be no assurance that the tr ansaction will
be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management
information circular or filing statement to be prepared in connection with the transaction, any information
released or received with respect to the transaction may not be accurate or complete and should not be relied
upon. Trading in the securities of the Company should be considered highly speculative. The TSX Venture
Exchange Inc. has in no way passed upon the merits of the proposed tran saction and has neither approved
nor disapproved the contents of this news release.
This news release may include forward-looking statements that are subject to inherent risks and uncertainties.
All statements within this news release, other than statement s of historical fact, are to be considered forward
looking. Although the Company believes the expectations expressed in such forward -looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those described in forward-looking statements. Factors that
could cause actual results to differ materially from those described in forward -looking statements include
fluctuations in market prices, including metal prices, continued availability of capital and financing, and general
economic, market or business conditions. There can be no assurances that such statements will prove
accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements except as required under applicable laws