Discovery Shareholders Overwhelmingly Approve Share Issuance Resolution
Portfolio Pulse from
Discovery Silver Corp. announced that shareholders overwhelmingly approved (99.85% vote) the share issuance related to its acquisition of Newmont Corporation's Porcupine Complex. The acquisition is expected to close in the first half of 2025, transforming the company into a Canadian gold producer with multiple operations near Timmins, Ontario.
March 27, 2025 | 9:00 pm
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Shareholders approved share issuance for Porcupine Complex acquisition, which will expand Discovery's portfolio and establish it as a gold producer.
Overwhelming shareholder approval indicates strong market confidence in the acquisition strategy. The deal transforms Discovery from a silver-focused to a multi-metal producer with significant gold assets.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100