On February 29, 2024, Discovery Harbour Resources Corp. closed the transaction. The company has issued an aggregate of 1,700,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 85,000 in its second and final tranche closing. In total, the company has issued 4,700,000 units at a price of CAD 0.05 per unit for total gross proceeds of CAD 235,000 from the first and second tranche in the transaction. The company did not pay any finder?s fees in connection with the Offering. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the respective tranche of the Offering. Completion of the Offering is subject to the approval of the Exchange.
The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement and the transaction included participation from six placees.