Discovery Minerals Ltd. Shareholder Update for January 20, 2022

Discovery Minerals Ltd (OTC PINK:DSCR) has initiated formal steps to restore its trading status.

Rhea-AI Summary

Discovery Minerals Ltd (OTC PINK:DSCR) has initiated formal steps to restore its trading status. The company is progressing on mining property transactions in Zambia, with further details to be released upon completion. Discovery is also actively addressing all operational matters. The press release includes cautionary statements regarding forward-looking projections, emphasizing uncertainties related to financing and regulatory approval, which may affect actual performance.

Positive

• Initiated steps to restore trading status.
• Progress in mining property transactions in Zambia.

Negative

• Potential uncertainties regarding financing and regulatory approvals.

Argus Publication session

-50.00% session move Open Argus

Details

News Market Reaction – DSCR

In the trading session that priced this news, DSCR declined 50.00%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LOS ANGELES, CA / ACCESSWIRE / January 20, 2022 / Discovery Minerals Ltd (OTC PINK:DSCR):

Discovery would like to advise shareholders that formal steps have been taken to restore the Company's trading status as early as possible.

Discovery has also made further progress with their mining property transactions in Zambia and will release details when completed.

Additionally, Discovery is continuing to address all matters of the Company's activities.

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Discovery Minerals Ltd.
+1 (310) 607-8252
Admin@discoveryminerals.com

SOURCE: Discovery Minerals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/684854/Discovery-Minerals-Ltd-Shareholder-Update-for-January-20-2022

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What steps is Discovery Minerals taking to restore its trading status?

Discovery Minerals has initiated formal steps to restore its trading status as soon as possible.

What progress has Discovery Minerals made in Zambia?

The company is making progress with mining property transactions in Zambia, with details to be released upon completion.

What risks are associated with Discovery Minerals' forward-looking statements?

Forward-looking statements may involve risks and uncertainties, including the ability to obtain financing and regulatory approvals.