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To: Goose94 who wrote (139008)12/5/2022 6:59:33 PM
From: Goose94Read Replies (1) | Respond to of 203344
 
Marvel Discovery (MARV-V) Announces $1.9 Million Private Placement

Dec 5, '22 - NR

Marvel Discovery (MARV-V) is pleased to announce a non-brokered private placement to raise total proceeds of $1,900,000 by issuing up to 15,283,366 flow-through Units (the “FT Units”) and issuing up to 599,963 non flow-through units (the “NFT Units”).

Each FT Unit priced at $0.12 per unit will consist of one flow-through common share and one-half of one common share purchase warrant; each whole warrant (“Warrant”) entitling the holder to subscribe for and purchase one non-flow-through common share (“Warrant Shares”) at a price of $0.25 cents for a period of 24 months following the issuance date.

Each NFT Unit priced at $0.11 cents per unit will consist of one common share and one common share purchase warrant; each warrant entitling the holder to subscribe for and purchase one non-flow-through common share at a price of $0.18 cents for a period of 24 months following the issuance date.

The aggregate gross proceeds from the sale of the FT Offering will be used for exploration and development of the Company's British Columbia, Saskatchewan, Ontario, Quebec, and Newfoundland projects.

A Finders fees may be paid in accordance with the policies of the TSX Venture Exchange.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing. Final acceptance is subject to TSX Venture approval.



About Marvel Discovery Corp.

Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:

Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte, and Hope Brook – Au Prospects)

Atikokan, Ontario (BlackFly – Au Prospect)

Elliot Lake, Ontario (East Bull - Ni-Cu-PGE Prospect)

Quebec (Duhamel -Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect)

Prince George, British Columbia (Wicheeda North – Rare Earth Elements Prospect)

The Company’s website is: vwwlpwyy.r.us-west-2.awstrack.me

ON BEHALF OF THE BOARD
Marvel Discovery Corp.
“Karim Rayani”
Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: k@r7.capital