Discovery Metals Named to 2021 OTCQX Best 50
January 28 2021 - 9:00AM
Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF)
(“Discovery” or the “Company”) is pleased to announce it has been
named to the 2021 OTCQX® Best 50, a ranking of top performing
companies traded on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual performance
ranking of the top 50 U.S. and international companies traded on
the OTCQX market. The ranking is calculated based on an equal
weighting of one-year total return and average daily dollar volume
growth in the previous calendar year and therefore companies in the
2021 OTCQX Best 50 were ranked based on their performance in
2020.
Discovery President and CEO Taj Singh commented:
“Discovery is very pleased to be part of the OTCQX Best 50 and it
is a fitting recognition of the efforts of our local employees and
contractors in delivering an excellent 2020. In difficult
circumstances, we consistently delivered outstanding drill results
across multiple target areas at our flagship Cordero project. In
the second half of 2021, completion of our Phase 1 drill program
will culminate in a brand-new resource estimate and entirely
revamped Preliminary Economic Assessment. Completing these major
milestones should result in another landmark year for
Discovery.”
For the complete 2021 OTCQX Best 50 ranking,
visit:
https://www.otcmarkets.com/files/2021_OTCQX_Best_50.pdf
The OTCQX Best Market offers transparent and
efficient trading of established, investor-focused U.S. and global
companies. To qualify for the OTCQX market, companies must meet
high financial standards, follow best practice corporate
governance, and demonstrate compliance with applicable securities
laws.
About DiscoveryDiscovery’s
flagship project is its 100%-owned Cordero silver project in
Chihuahua State, Mexico. Our drill results to date show that
Cordero is developing all the attributes of a tier 1 project –
grade, scale, significant organic growth opportunities and
well-located in one of Mexico’s premier mining belts. The project
is supported by an industry leading balance sheet with over C$80
million of cash allocated for aggressive exploration, resource
expansion and future development.
On Behalf of the Board of Directors,
Taj Singh, M.Eng, P.Eng, CPA, President, Chief
Executive Officer, and Director
For further information contact:
Forbes Gemmell, CFAVP Corporate
Development & Investor RelationsPhone: 416-613-9410Email:
forbes.gemmell@dsvmetals.comWebsite: www.dsvmetals.com
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.
This news release is not for distribution to United States
newswire services or for dissemination in the United States.
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.
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