Discovery Metals Announces AGM Results
Discovery Metals Announces AGM Results
TORONTO, June 29, 2020 -- Discovery Metals Corp. (TSXV: DSV; OTCQX: DSVMF) is pleased to announce the results of
voting at its Annual General Meeting held Friday, June 26, 2020. Shareholders voted in favour of all items put forward by the
Board of Directors and management. Shareholders voted in favour of the election of all director nominees. The percentage of
votes cast for each is as follows:
Votes For % Votes For Votes
Withheld
% Votes
Withheld
Taj Singh 102,372,339 99.9% 64,422 0.1%
Murray John 102,334,889 99.9% 101,872 0.1%
Mark O’Dea 102,372,889 99.9% 63,872 0.1%
Jeff Parr 102,318,228 99.9% 118,533 0.1%
Daniel Vickerman 102,340,278 99.9% 96,483 0.1%
Vic Chevillon 102,372,139 99.9% 64,622 0.1%
Jesus Hernandez-Garza 102,370,264 99.9% 66,497 0.1%
Moira Smith 102,334,839 99.9% 101,922 0.1%
Shareholders also voted in favour of (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the
Company for the ensuing year and authorizing directors to fix their remuneration; (ii) fixing the number of directors on the
Company’s Board of Directors at eight (8) persons; (iii) re-approving and ratifying the Company’s Stock Option Plan; (iv)
approving the Company’s proposed Restricted Share Unit Plan and Deferred Share Unit Plan. A total of 111,968,238 Discovery
common shares were voted, representing 52.9% of total shares issued and outstanding as at the record date of the meeting.
On Behalf of the Board of Directors,
Taj Singh, M.Eng., P.Eng., CPA
President, Chief Executive Officer, and Director
About Discovery
Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) is a Canadian exploration and development company headquartered
in Toronto, Canada, and focused on historic mining districts in Mexico. Discovery’s flagship is its 100%-owned Cordero silver
project in Chihuahua State, Mexico. The 35,000-hectare property covers a large district that hosts the announced resource as
well as numerous exploration targets for bulk tonnage diatreme-hosted, porphyry-style, and carbonate replacement deposits.
For further information contact:
Forbes Gemmell, CFA
VP Corporate Development & Investor Relations
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Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the
United States of America. The securities have not been and will not be registered under the United States Securities Act of
1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to,
or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such registration requirements is available.
Cautionary Note Regarding Forward-Looking Statements
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements
within this news release, other than statements of historical fact, are to be considered forward looking. Although Discovery
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. There can be no assurance
that the Private Placement will close on the announced terms. Discovery does not assume any obligation to update any
forward-looking statements except as required under applicable laws.