RENO, NV— February 14, 2014 —Discovery Minerals Ltd. (OTC Pink: DSCR) is pleased to inform its shareholders that pursuant to the news release yesterday, Mr. Russell Smith, CEO has elected to return his entire issuance of One Billion shares of common stock back to treasury in exchange for other equivalent financial instruments.
The Board of Directors unanimously resolved this action and the shares will be cancelled immediately.
About Discovery Minerals Ltd.
Discovery Minerals Ltd. (FRANKFURT: A0LB3X) (Kurzel: D7Z) (OTC Pink: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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SOURCE: Discovery Minerals Ltd.