VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 4, 2014) - (TSX VENTURE:DVN) Discovery Ventures Inc. (the "Company" or "Discovery") is pleased to announce that it has engaged the services of Jacob Securities Inc. ("Jacob Securities"). Jacob Securities is an independent full-service investment bank providing a wide range of services including underwriting, financial advisory services, research, liquidity support and other services to companies in the mining, infrastructure, energy and renewable power sectors. The Jacob Securities team has participated in more than $3-Billion in renewable equity financings in the past 12 months.
Akash Patel, Discovery's President and CEO stated, "we are very pleased to have the support of Jacob Securities of Toronto, Ontario as we grow Discovery and advance the WillaMAX Gold Project."
Pursuant to an advisory agreement dated August 28, 2014 Jacob Securities will provide Discovery with certain services including market intelligence and liquidity support in exchange for a monthly advisory fee of $10,000. The term of the advisory agreement is for a period of twelve months. Jacob Securities will not receive shares or options as compensation. The Company and Jacob Securities are unrelated and unaffiliated entities, but Jacob Securities and its clients may have or may acquire a direct interest in the Company's securities.
Manni Buttar, President of Jacob Securities, added " We support gold companies with quality assets and a strong management team that can successfully operate and grow in the current environment. Jacob Securities wants to help these companies succeed and we want to build a long-term relationship with them as they grow organically or through strategic acquisitions".
About Discovery Ventures Inc.
Discovery is an exploration and development stage company focused on the WillaMAX project which is prospective for gold. A summary of the project is provided in a recent WillaMAX Preliminary Economic Assessment (PEA) released May 26, 2014 as amended June 20, 2014 prepared by Wayne M. Ash, P.Eng. The WillaMAX project would combine the Willa copper-gold resource with processing facilities at the MAX Mine, both located in south east BC. Due diligence is underway for project financing that is anticipated to facilitate the completion of key acquisitions and advance engineering and permitting work for both sites. The MAX Mine acquisition includes existing permits, a modern mill & concentrator and sizeable tax loss pools.
On behalf of the Board of Directors,
Akash Patel, President, CEO and Director, Discovery Ventures Inc.
This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery. There are numerous risks and uncertainties that could cause actual results and Discovery's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; and (ii) risks inherent in the mineral exploration industry in general. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Discovery does not intend to update these forward-looking statements.
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.