Discovery Ventures (DVN-V) announces Oversubscribed PP
Dec 11, '15 - NR
Discovery Ventures is pleased to announce that its previously announced private placement financing is oversubscribed as Discovery has entered into subscription agreements for 7,920,000 units at a price of $0.15 per unit for gross proceeds of up to $1,188,000. Each unit consists of one common share of Discovery and one share purchase warrant, which entitles the holder thereof to purchase one additional share at a price of $0.20 per share for a period of five years from the closing of the financing.
About Discovery
Discovery Ventures Inc. is a gold, copper and silver mining company focused on the exploration and development of its WillaMAX Project that is located in the Kootenays of British Columbia. The company has four mineral properties in British Columbia. Discovery's newly acquired Max Milling facility is located 135km north of the Willa Project site.
On behalf of the Board of Directors,
"Dan Omeniuk"
Dan Omeniuk, Chief Executive Officer and Director, Discovery Ventures Inc.
For further information, please contact Ron Birch 250-545-0383
or by email at:
info@discoveryventuresinc.com
Contact us:
Address:900-570 Granville Street
Vancouver, B.C., V6C 3P1
Phone: 250-545-0383
Toll Free: 1-800-910-7711
Email: info@discoveryventuresinc.com
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