Discovery Energy Metals Completes Non-Brokered Private Placement for Proceeds of $1,000,000

Executive Summary

• Discovery Energy Metals Corp. completed a non-brokered private placement of 10,000,000 units for gross proceeds of $1,000,000.
• Each unit consists of one common share and one transferable share purchase warrant, with proceeds allocated to general working capital and property exploration.

Key Details

• Transaction Structure: Non-brokered private placement of 10,000,000 Units.
• Price: $0.10 per Unit.
• Gross Proceeds: $1,000,000.
• Unit Composition: Each Unit comprises one common share and one transferable share purchase warrant.
• Warrant Terms: Each warrant is exercisable to acquire one common share at an exercise price of $0.15 per share.
• Warrant Expiry: 24 months from the date of issuance.
• Use of Proceeds: General working capital and property exploration.
• Hold Period: All securities are subject to a statutory hold period of four months and one day.
• Regulatory Status: Securities are not registered under the US Securities Act of 1933; no offer or sale in the United States.

Notable Quotes

• None provided in the text.