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Discovery Silver Completes $51.75 Million Prospectus Offering


On April 19, 2023, Discovery Silver Corp. completed a “best-efforts” marketed prospectus offering of 43,125,000 common shares at a price of $1.20 per common share for aggregate gross proceeds of $51.75 million, which included the full exercise of the agents’ option.

The offering was conducted by a syndicate of agents co-led by Clarus Securities Inc. and Cormark Securities Inc., and including BMO Capital Markets, Eight Capital and PI Financial Corp.

Cassels acted for Discovery Silver.

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