Mr. Jeremy Woodgate reports
DISCOVERY HARBOUR RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF UNITS
Discovery Harbour Resources Corp. has closed its non-brokered private placement offering, as previously disclosed in the company's news release dated Oct. 17, 2025. In connection with the offering, the company issued two million units at a price of six cents per unit, generating aggregate gross proceeds of approximately $120,000.
Each unit consists of one common share in the capital of the company and one share purchase warrant. Each warrant is exercisable to purchase one additional share until Nov. 7, 2030, at an exercise price of 7.5 cents per warrant share.
All securities issued in connection with the offering are subject to a statutory hold period of four months plus one day in accordance with Canadian securities legislation. The offering remains subject to final approval by the TSX Venture Exchange.
The company intends to use the proceeds from the offering for general working capital.
About Discovery Harbour Resources Corp.
Discover Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions.
We seek Safe Harbor.
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