Home / Mining Company News Releases (Unreviewed) / Discovery Ventures Inc. Announces Stock Option Grant and Amendment

Discovery Ventures Inc. Announces Stock Option Grant and Amendment

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 8, 2015) – Discovery Ventures Inc. (TSX VENTURE:DVN)(FRANKFURT:ODV)(OTCQX:DTVMF) (“Discovery“) announces that it has granted options to acquire 500,000 common shares of the Company (each, a “Share“) at a price of $0.15 per Share for a period of five years to one consultant of the Company. The options granted to the consultant vest over a one year period with 25% vesting every three months. The Company also announces that it has amended the terms of an aggregate of 3,366,999 options granted to Akash Patel, Ken Phillippe, Walter “Del” Marting and Pop Holdings Ltd. on August 20, 2014. The options were originally granted with the exercise price of $0.25 per share. The Company has determined to reduce the exercise prices of all such options to $0.15 per share. This amendment is subject to the approval of the TSX Venture Exchange and the approval of the shareholders of the Company.

About Discovery

Discovery is an exploration and development stage company focused on the WillaMAX project that is prospective for gold. The WillaMAX project consists of the exploration and development of the Willa property and the refurbishment the Max mill.

On behalf of the Board of Directors,

Dan Omeniuk, Chief Executive Officer and Director, Discovery Ventures Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Discovery Ventures Inc.
Ron Birch
[email protected]


Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://feeds.mwnewsroom.com/article/rss?id=1991063. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

About Staff @ Geology for Investors

Geology for Investors seeks to demystify mineral exploration and mining projects for mining company investors. All of our writers and contributors are experienced and educated in geology and the geosciences.