Discovery Ventures Inc.

Discovery Ventures Inc.

August 07, 2014 08:30 ET

Discovery Ventures Inc. to Apply to Be Quoted on OTC QX

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 7, 2014) - Discovery Ventures Inc. (TSX VENTURE:DVN) (the "Company" or "Discovery") is pleased to announce that it has initiated the process to have its common shares quoted on the OTC QX in the United States.

The Company has retained the financial consultant firm of Baxter Capital Advisors, Inc. to help coordinate this process. The Company currently trades on the TSX Venture Exchange under the ticker symbol "DVN." The Company believes that having its shares quoted on the OTC QX would broaden the Company's market to include investors in the United States.

Reserved for international companies listed on a qualified stock exchange in their home country, the OTC QX International provides easy access to U.S. investors and the ability for a company to diversify its shareholder base. "We are very pleased to be working toward providing our U.S. investors with an alternative trading platform for our common shares and believe this is an important step toward increasing Discovery's visibility within the U.S. market," states Akash Patel, President of the Company.

About the OTC QX

The OCT QX is the top tier of the U.S. Over-the-Counter marketplace which gives non-U.S. companies access to U.S. investors, without the duplicative regulatory costs required of listing on a traditional U.S. exchange. The innovative OTC QX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange.

The OTC QX is fully electronic and gives investors access through all major online and full- service brokerage firms in the U.S., including Schwab, E*Trade, Scottrade, TD Ameritrade and Fidelity. Trades are settled and cleared in the U.S. similar to any NASDAQ or NYSE stock, and trade reports are disseminated through Yahoo, Bloomberg, Reuters and most other financial data providers.

About Discovery Ventures

Discovery is an exploration and development stage company focused on the WillaMAX gold project. A summary of the project is provided in a recent Preliminary Economic Assessment (PEA) and announced on May 28, 2014, WillaMAX PEA Highlights Low CAPEX and Robust Project Economics. The WillaMAX project would combine the well-defined 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, including statements regarding the anticipated benefits of being quoted on the OTC QX and the anticipated benefits of the project financing . 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; (ii) risks inherent in the mineral exploration industry in general; (iii) the inability of Discovery to complete the project financing; or (iv) the inability of Discovery to quote its common shares on the OTC QX. 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.

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