Discovery Announces Annual General Meeting Results - Latest Global News

Discovery Announces Annual General Meeting Results

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TORONTO, May 15, 2024 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced the results of voting at its annual meeting of shareholders held today. Shareholders voted to elect all director candidates: Murray John (Chairman); Tony Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; Jennifer Wagner; and Barry Olson. Voting details are set out below:

Nominated vote for % For Votes withheld % retained
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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The shareholders also voted to (i) appoint PricewaterhouseCoopers LLP, Chartered Accountants, as the Company’s auditors for the following year and; (ii) Changes to the Company’s Restricted Share Unit Plan and Deferred Share Unit Plan. Further details regarding these items can be found in the Company’s Management Information Circular dated April 5, 2024, filed on SEDAR+. Voting details can be found below.

Result of the vote vote for % For Votes withheld % retained
Appointment of auditors Carried 210,063,916 99.33 1,410,328 0.67
Changes to the Restricted Share Unit Plan and the Deferred Share Unit Plan Carried 179,667,151 94.25 10,957,451 5.75

About Discovery
Discovery’s flagship project is the 100% owned Cordero Project, one of the largest undeveloped silver deposits in the world. The feasibility study completed in February 2024 shows that Cordero has the potential to develop into a large-scale, long-term project with low unit costs and attractive economic returns, offering the combination of margin, size and scalability. Cordero is close to infrastructure in a productive mining belt in the Mexican state of Chihuahua.

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On behalf of the board,
Tony Makuch, P.Eng
President, CEO and Director

For further information please contact:
Forbes Gemmell, CFA
Vice President of Corporate Development
Phone: 416-613-9410
Email: [email protected]

Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not intended for distribution to the United States intelligence community or for distribution within the United States.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including in the United States from America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any other state securities laws and may not be offered or sold within the United States or for invoice or for the benefit of U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration requirements is available.

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