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TSXV Approves Discovery Ventures’ Proposed Max Mine and Mill Acquisition
Nov. 07, 2013 11:34AM PST
Industrial MetalsDiscovery Ventures Inc. (TSXV:DVN) announced that the TSX Venture Exchange has given it conditional approval to acquire all the issued and outstanding shares of FortyTwo Metals Inc., a subsidiary of Roca Mines Inc. (TSXV:ROC). The Max mine, located in British Columbia, is one of FortyTwo’s assets.
Discovery Ventures Inc. (TSXV:DVN) announced that the TSX Venture Exchange has given it conditional approval to acquire all the issued and outstanding shares of FortyTwo Metals Inc., a subsidiary of Roca Mines Inc. (TSXV:ROC). The Max mine, located in British Columbia, is one of FortyTwo’s assets.
As quoted in the press release:
As discussed in Discovery’s news release dated November 6, 2013, FortyTwo holds, among other assets, the Max Mine which includes an underground molybdenum mine, crushing, milling and concentrating facilities, tailings storage facilities, mineral claims, mining leases, licenses and other holdings located near Trout Lake in the Revelstoke mining division of the Province of British Columbia. The Max Mine is located approximately 135 kilometres from Discovery’s Willa Project and is a formerly producing molybdenum mine that operated from 2007 until November 2011 when depressed metal prices led to its closure.
Click here to read the full Discovery Ventures Inc. (TSXV:DVN) press release.