07:09:17 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Discovery Harbour Resources Corp (3)
Symbol DHR
Shares Issued 9,450,962
Close 2024-01-11 C$ 0.065
Market Cap C$ 614,313
Recent Sedar Documents

Discovery Harbour arranges $235,000 private placement

2024-01-17 13:30 ET - News Release

Mr. Mark Fields reports

DISCOVERY HARBOUR ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Discovery Harbour Resources Corp. has arranged a non-brokered private placement consisting of the issuance of up to 4.7 million units at a price of five cents per unit for gross proceeds of up to $235,000. The aggregate gross proceeds from the sale of the offering will be used for possible property acquisitions and general working capital.

Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to purchase one share at a price of seven cents per share for a period of two years following the closing of the offering.

Finders' fees may be payable in connection with the offering in accordance with the policies of the 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. Completion of the offering is subject to the approval of the exchange. Insiders may participate in the offering, but the extent of insider participation, if any, is unknown at this time. Any participation by insiders in the offering will constitute a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Discovery Harbour Resources Corp.

Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions.

We seek Safe Harbor.

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