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Marvel Discovery Corp
Symbol MARV
Shares Issued 102,198,528
Close 2022-12-05 C$ 0.11
Recent Sedar Documents

Marvel Discovery arranges $1.9M private placement

2022-12-05 16:51 ET - News Release

Arcila Subject: News Release Marvel Discovery Word Document File: '\\office\emailin\20221205 134129 Attachment Marv PP 1.9 final.docx' 5 | Page Marvel Discovery Corp. #615 - 800 West Pender Street Vancouver, BC, V6C 2V6 VANCOUVER TEL: (604) 670-0019 TORONTO TEL: (416) 477-1220 www.marveldiscovery.com info@marveldiscovery.com www.falcongold.ca info@falcongold.ca NEWS RELEASE MARV: TSX-V O4T: GR MARVF: OTCQB MARVEL ANNOUNCES $1.9 MILLION PRIVATE PLACEMENT December 5th, 2022. Vancouver, B.C. - Marvel Discovery Corp. (TSX-V: MARV), (Frankfurt: O4T), (MARVF: OTCQB); (the "Company") is pleased to announce a non-brokered private placement to raise total proceeds of up to $1,900,000 by issuing up to 15,283,366 flow-through Units (the "FT Units") and issuing up to 599,963 non flow-through units (the "NFT Units"). Each FT Unit priced at $0.12 per unit will consist of one flow-through common share and one-half of one common share purchase warrant; each whole warrant ("Warrant") entitling the holder to subscribe for and purchase one non-flow-through common share ("Warrant Shares") at a price of $0.25 cents for a period of 24 months following the issuance date. Each NFT Unit priced at $0.11 cents per unit will consist of one common share and one common share purchase warrant; each warrant entitling the holder to subscribe for and purchase one non-flow-through common share at a price of $0.18 cents for a period of 24 months following the issuance date. The aggregate gross proceeds from the sale of the FT Offering will be used for exploration and development of the Company's British Columbia, Saskatchewan, Ontario, Quebec, and Newfoundland projects. A Finders fees may be paid in accordance with the policies of the TSX Venture 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. Final acceptance is subject to TSX Venture approval. About Marvel Discovery Corp. Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in: Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte, and Hope Brook - Au Prospects) Atikokan, Ontario (BlackFly - Au Prospect) Elliot Lake, Ontario (East Bull - Ni-Cu-PGE Prospect) Quebec (Duhamel -Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect) Prince George, British Columbia (Wicheeda North - Rare Earth Elements Prospect) The Company's website is: https://marveldiscovery.ca/ ON BEHALF OF THE BOARD Marvel Discovery Corp. "Karim Rayani" Karim Rayani President/Chief Executive Officer, Director Tel: 604 716 0551 email: k@r7.capital Disclaimer for Forward-Looking Information: Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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