SOURCE: Discovery Minerals Ltd.
February 13, 2014 09:15 ET
RENO, NV--(Marketwired - Feb 13, 2014) - Discovery Minerals Ltd. (OTC Pink: DSCR) is pleased to inform its shareholders that the company has currently short listed two candidates to fulfill the strategic technology and marketing partnership needed to complete the M.I.N.E.™ app. This will provide the necessary technology, marketing and social media expertise with a proven track record of launching Apps with a wide range of capabilities. Mr. Smith commented, "We feel that by engaging one of these experts, we can reduce the developmental and technological costs, along with providing an earlier roll out date for the fully functional M.I.N.E.™ app. We have identified the 2 candidates that will be the most compatible fit, and anticipate our decision to be made by the start of next week."
Furthermore, Mr. Smith added, "The Board of Directors is currently reviewing and cautiously considering the benefits of reducing the number of common shares issued by an exchange of certain common shares for Preferred shares and will keep the shareholders apprised of these discussions."
About Discovery Minerals Ltd.
Discovery Minerals Ltd. (Frankfurt WKN: 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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