Subject: Discovery Harbour Resources Corp. - News Release for Immediate Dissemination
Word Document
File: '\\swfile\EmailIn\20251107 140628 Attachment Discovery Harbour - News Release Re Closing of Non-Brokered Unit Private Placement (Fall 2025).docx'
- 5 -
LEGAL_48030701.1
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
FOR DISSEMINATION IN THE UNITED STATES
LEGAL_48030701.1
Discovery Harbour Resources Announces Closing
of Non-Brokered Private Placement of Units
Vancouver, B.C. - November 7, 2025 - Discovery Harbour Resources Corp. (the "Company") (TSXV: DHR; OTC Pink DCHRF; Frankfurt: 4GW) is pleased to announce the closing of its non-brokered private placement offering, as previously disclosed in the Company's news release dated October 17, 2025 (the "Offering"). In connection with the Offering, the Company issued 2,000,000 units (the "Units") at a price of $0.06 per Unit, generating aggregate gross proceeds of approximately $120,000.
Each Unit consists of one common share in the capital of the Company (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant is exercisable to purchase one additional Share (a "Warrant Share") until November 7, 2030, at an exercise price of $0.075 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.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.
About Discovery Harbour Resources Corp.
Discover Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.
"Jeremy Woodgate"
Jeremy Woodgate
Chief Financial Officer and Corporate Secretary
Phone: 672-339-3473
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward- looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
© 2025 Canjex Publishing Ltd. All rights reserved.