TORONTO, May 12, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce the results of voting at its Annual General Meeting held today. Shareholders voted in favour of the election of all director nominees: Murray John (Chair); Tony Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; and Jennifer Wagner. Details of the votes are set out below:
|Nominee||Votes For||% For||Votes Withheld||% Withheld|
Shareholders also voted in favour of (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year; (ii) the amendment of the Company’s Articles to remove Article 15; (iii) the Amendment and Adoption of the Company’s Equity Compensation plans and; (iv) the adoption of Advance Notice Policy. Further details on these items can be found in the Company’s Management Information Circular dated March 31, 2023 and filed on SEDAR. Details of the votes are set out below.
|Outcome of Vote||Votes For||% For||Votes Withheld||% Withheld|
|Appointment of Auditors||Carried||208,821,524||99.29||%||1,494,842||0.71||%|
|Amendment to Articles||Carried||153,435,872||79.27||%||40,113,774||20.73||%|
|Amendment and adoption of Equity Compensation plans||Carried||152,809,074||78.95||%||40,740,572||21.05||%|
|Adoption of Advance Notice Policy||Carried||153,591,082||79.35||%||39,958,564||20.65||%|
Discovery’s flagship project is its 100%-owned Cordero project, one of the world’s largest silver deposits. The PFS completed in January 2023 demonstrates that Cordero has the potential to be developed into a highly capital efficient mine that offers the combination of margin, size and scalability. Cordero is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.
On Behalf of the Board of Directors,
Tony Makuch, P.Eng
CEO & Director
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