Financings

Discovery Harbour Resources Announces Agreement for Sale of Shares

By The Northwire Desk — AI Analysis Feb 13, 2026 · 17:00 DHR · 0.095 Discovery Harbour Resources Corp.

DHR · Price

Discovery Harbour Resources Corp. entered into an agreement to sell its minority interest in UVAD Technologies Inc. for cash proceeds of $297,000.
The shares were originally acquired in 2011 as part of a debt settlement and are unrelated to the company’s core mineral exploration business.
Completion of the sale is subject to TSX Venture Exchange approval, disinterested shareholder consent, and customary closing conditions.

Transaction: Sale of minority shareholding (the “Shares”) in UVAD Technologies Inc.
Seller: Discovery Harbour Resources Corp. (TSXV: DHR)
Buyer: An arm’s‑length private company (identity not disclosed).
Purchase Price: $297,000 cash.
Background of Shares: Acquired in 2011 via debt settlement; classified as a passive investment unrelated to core operations.
Rationale: Company is seeking to divest the non‑core asset to focus on sourcing, exploring, and developing mineral properties.
Closing Conditions: Subject to TSX Venture Exchange approval, approval by disinterested shareholders, and other customary conditions; no finder's fee will be paid.

(No executive quotes were provided in the release.)

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