SOURCE: Discovery Minerals Ltd.
April 25, 2014 11:30 ET
RENO, NV--(Marketwired - Apr 25, 2014) - Discovery Minerals Ltd. (OTC Pink: DSCR) (PINKSHEETS: DSCR) is pleased to update shareholders regarding the anticipated Company's filing of an industrial Hemp License with Health Canada.
Through the company's joint venture corporation with Syngar Technologies Inc., the application to cultivate and process Industrial Hemp fiber and grain (seed) for the upcoming 2014 season is near completion.
The application's submission to Health Canada is awaiting the return of the executed consent agreements from the joint venture growing partners; the committed cultivatable land of the joint venture partners is anticipated to be in excess of 200 acres.
The company expects this application to be submitted by month`s end. In addition, the Company is pursuing an aggressive revenue generation strategy by offering sub Licences to their Syngar technology throughout Canada and the United States to interested parties. Prospective Hemp and Cannabis growers/processors throughout Canada and the United States can now capitalize on the opportunity to implement an environmentally conscious and sustainable addition to their business model which can result in the complete plant material being utilized.
About Discovery Minerals Limited: Discovery Minerals Ltd. (OTC Pink: DSCR) (PINKSHEETS: 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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