Discovery Announces Annual General Meeting Results

May 16, 2024 | blog

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TORONTO, May 15, 2024 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) immediately introduced the outcomes of voting at its Annual General Meeting held immediately. Shareholders voted in favour of the election of all director nominees: Murray John (Chair); Tony Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; Jennifer Wagner; and Barry Olson. Details of the votes are set out under:

Nominee Votes For % For Votes Withheld % Withheld
Murray John 189,120,043 99.21 1,504,559 0.79
Tony Makuch 187,908,112 98.57 2,716,490 1.43
Jeff Parr 189,170,054 99.24 1,454,548 0.76
Moira Smith 189,201,624 99.25 1,422,978 0.75
Daniel Vickerman 189,170,711 99.24 1,453,891 0.76
Jennifer Wagner 166,845,268 87.53 23,779,334 12.47
Barry Olson 188,802,948 99.04 1,821,654 0.96

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Shareholders additionally voted in favour of (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the following 12 months and; (ii) Amendments of the Restricted Share Unit Plan and Deferred Share Unit Plan of the Company. Further particulars on these things might be discovered within the Company’s Management Information Circular dated April 5, 2024 and filed on SEDAR+. Details of the votes are set out under.

  Outcome of Vote Votes For % For Votes Withheld % Withheld
Appointment of Auditors Carried 210,063,916 99.33 1,410,328 0.67
Amendments of Restricted Share Unit Plan and Deferred Share Unit Plan Carried 179,667,151 94.25 10,957,451 5.75

About Discovery
Discovery’s flagship undertaking is its 100%-owned Cordero undertaking, one of many world’s largest undeveloped silver deposits. The Feasibility Study accomplished in February 2024 demonstrates that Cordero has the potential to be developed right into a large-scale, long-life undertaking with low unit prices and engaging financial returns that provides the mix of margin, dimension and scalability. Cordero is positioned near infrastructure in a prolific mining belt in Chihuahua State, Mexico.

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On Behalf of the Board of Directors,
Tony Makuch, P.Eng
President, CEO & Director

For additional info contact:
Forbes Gemmell, CFA
VP Corporate Development
Phone: 416-613-9410

Neither TSX Exchange nor its Regulation Services Provider (as that time period is outlined in insurance policies of the TSX Exchange) accepts accountability for the adequacy or accuracy of this launch.

This information launch just isn’t for distribution to United States newswire providers or for dissemination within the United States.

This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase nor shall there be any sale of any of the securities in any jurisdiction during which such supply, solicitation or sale could be illegal, together with any of the securities within the United States of America. The securities haven’t been and won’t be registered beneath the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities legal guidelines and might not be supplied or offered throughout the United States or to, or for account or good thing about, U.S. Persons (as outlined in Regulation S beneath the 1933 Act) until registered beneath the 1933 Act and relevant state securities legal guidelines, or an exemption from such registration necessities is on the market.

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