Discovery Harbour closes sale of UVAD interest

Executive Summary

• Discovery Harbour Resources Corp. has completed the sale of its minority shareholding interest in UVAD Technologies Inc. for gross proceeds of $297,000.
• The transaction required shareholder approval as the shares constituted substantially all of the company's assets; 99.05% of shares voted in favor at a meeting held on March 18, 2026.
• The sale is subject to final approval from the TSX Venture Exchange.

Key Details

• Transaction: Sale of minority shareholding interest in UVAD Technologies Inc.
• Counterparty: An arm's-length private company.
• Gross Proceeds: $297,000.
• Agreement Date: February 6, 2026.
• Asset History: Shares were originally acquired in 2011 following a debt settlement and held as a passive investment asset unrelated to the company's core business of sourcing, exploring, and developing mineral properties.
• Shareholder Approval: A shareholder meeting was held on March 18, 2026, resulting in 99.05% of common shares represented voting in favor of the sale.
• Regulatory Status: The sale remains subject to final approval of the TSX Venture Exchange.
• Board Change: Sharyn Alexander resigned from the board of directors, effective March 24, 2026.

Notable Quotes

• None provided in the text.