DISCOVERY VENTURES INC. ("DVN")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: April 17, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Amendment to Option Agreement dated February 27, 2014 between 0951719 B.C. Ltd. and the Company (the "Amending Agreement"), amending the Option Agreement dated November 16, 2012, as amended September 24, 2013 and January 13, 2014 which was approved by TSX Venture Exchange Bulletin dated February 19, 2013. Under the Amending Agreement, the Company now has the option to acquire a 100% interest in the Willa Property, consisting of 5,328 hectares located in the Slocan Mining Division, British Columbia. Previously, the Company held an option to acquire an 80% interest in the Willa Property, subject to a 2.5% NSR in favour of the registered owners. Consideration for the additional 20% option consists of $600,000 and the issuance of 3,600,000 shares.
In addition, TSX Venture Exchange has accepted for filing an Assignment, Assumption and Framework Agreement between 0951719 B.C. Ltd., the Company and the registered owners, which provides the Company with a direct interest in the Willa Property.
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