Discovery Energy Metals Announces Private Placement Financing

Discovery Energy Metals Corp., a Canadian exploration company, announced plans to undertake a non-brokered private placement of up to 10 million units at $0.10 per unit, potentially raising $1 million. Each unit involves one common share and one warrant, allowing the holder to purchase a share at $0.15 within 24 months.

The raised funds are earmarked for working capital and property exploration. The closing of this offering hinges on regulatory approval. A statutory hold period of four months and one day applies to all issued securities.

Discovery Energy Metals focuses on advancing energy metals discovery and holds extensive mineral claims in Quebec and British Columbia. They are also exploring a gold project in Nevada.