Discovery Silver Graduated to TSX
February 02 2023 - 4:15PM
Discovery Silver Corp. (DSV-TSX, DSVSF-OTCQX)
(“Discovery” or the “Company”) is pleased to announce that its
shares will be listed and commence trading on the Toronto Stock
Exchange at the opening on Friday, February 3, 2023, under the
symbol “DSV”.
Tony Makuch, CEO, commented: “Our graduation to
the main board of the Toronto Stock Exchange reflects the
significant progress we have made in advancing our Cordero silver
project and the resulting growth and maturity of our Company. Since
acquiring Cordero in 2019 we have completed over 200,000 metres of
drilling, two detailed metallurgical test programs and a
significant amount of engineering. This work has transformed
Cordero into one of the largest development stage assets in the
silver space as evidenced by our recently completed Pre-Feasibility
Study. We look forward to continuing with this momentum as we
advance our Feasibility Study work against what appears to be a
very favourable supply-demand backdrop for silver.”
As a result of this graduation, there will be no
further trading under the symbol “DSV” on the TSX Venture Exchange
(“TSXV”) after Thursday, February 2, 2023, and the Company’s shares
will be delisted from the TSXV at the commencement of trading on
the Toronto Stock Exchange.
About Discovery
Discovery’s flagship project is its 100%-owned
Cordero project, one of the world’s largest silver deposits. The
PFS completed in January 2023 demonstrates that Cordero has the
potential to be developed into a highly capital efficient mine that
offers the combination of margin, size and scaleability. Cordero is
located close to infrastructure in a prolific mining belt in
Chihuahua State, Mexico. Continued exploration and project
development at Cordero is supported by a strong balance sheet with
cash of approximately C$45 million.
On Behalf of the Board of Directors,Tony
Makuch, P.EngCEO & Director
For further information contact:
Forbes Gemmell, CFAVP Corporate
DevelopmentPhone: 416-613-9410Email:
forbes.gemmell@discoverysilver.comWebsite:
www.discoverysilver.comFORWARD-LOOKING
STATEMENTS:
Neither TSX Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX 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 statements.
Forward-looking statements including, but not limited to
Discovery's future plans and objectives regarding the Cordero
Project and the prospect of further discoveries there, which
constitute forward looking information that involve various risks
and uncertainties. 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. Discovery does not assume any
obligation to update any forward-looking statements except as
required under applicable laws.
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