Mr. Taj Singh reports
DISCOVERY METALS GRANTS STOCK OPTIONS
Discovery Metals Corp. has granted to certain officers, directors, employees and/or consultants of the company an aggregate of 5.5 million options to acquire common shares of the company. The options have an exercise price of $1.89 per share, have a five-year term from the date of grant, expiring on Jan. 12, 2026, and vest according to the following schedules: (i) management and employees: annually in equal thirds beginning on the date of grant; (ii) directors: annually in equal halves beginning on the date of grant; and (iii) consultants: quarterly in equal eighths beginning three months after the date of grant. Any common shares issuable upon the exercise of options will, in accordance with applicable securities laws, be subject to a hold period expiring four months and one day from the date of grant.
About Discovery Metals Corp.
Discovery Metals' flagship project is its 100-per-cent-owned Cordero silver project in Chihuahua state, Mexico. Discovery Metals' 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 $80-million of cash allocated for aggressive exploration, resource expansion and future development.
We seek Safe Harbor.
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