Disposition of Common Shares of Discovery Metals
DISPOSITION OF COMMON SHARES OF DISCOVERY METALS
June 26, 2017 – The Emprise Special Opportunities Fund (2013) Limited Partnership (the “LP”) has disposed of ownership of 7,950,000 common shares (the “Shares”) of Discovery Metals Corp. (formerly, Ayubowan Capital Ltd.) (the “Issuer”). The Shares were disposed of pursuant to certain private transactions.
Following completion of the transaction, the LP has ownership of 5,300,000 common shares of the Issuer, representing approximately 16.2% of the Issuer’s current issued and outstanding common shares.
The Shares were disposed of by the LP as a result of an investment decision. In the future, additional securities of the Issuer may be acquired or disposed of, through the market, privately or otherwise, as circumstances or market conditions may warrant.
For further information and to obtain a copy of the early warning report filed under applicable Canadian provincial securities legislation in connection with the disposition by the LP, please go to the Issuer’s profile on SEDAR at www.sedar.com, or contact Scott Ackerman at <email@example.com>.
The issuance of this news release is not an admission that an entity named in the news release owns or controls any described securities or is a joint actor with another named entity.