ACCESS Newswire
03 Dec 2021, 02:26 GMT+10
VANCOUVER, BC / ACCESSWIRE / December 2, 2021 / Marvel Discovery Corp. (TSXV:MARV)(Frankfurt: O4T1)(OTCQB:MARVF); (the 'Company') is pleased to announce the closing of its first tranche of the non-brokered private placement dated November 24th,2021. The first tranche consists of aggregate gross proceeds of $908,080.05
The Company has issued 5,385,385 Flow-Through units at a price of $0.13 per unit. Each unit consisting of one Flow-Through common share and one-half of one common share purchase warrant; each whole warrant ('Warrant') entitling the holder to subscribe for and purchase one non-flow-through common share ('Warrant Shares') at a price of $0.25 for a period of 24 months following the acceptance date.
The Company has also issued 1,808,522 Non-Flow-Through units at a price of $0.115 per unit. Each unit consisting of one common share and one common share purchase warrant; each warrant ('Warrant') entitling the holder to subscribe for and purchase one non-flow-through common share ('Warrant Shares') at a price of $0.20 for a period of 24 months following the acceptance date.
Finders' fees totaling $55,858.60 will be paid in connection with the offering in accordance with the TSX Venture Exchange policies.
The proceeds from the private placement will be used for further development of the Company's property portfolio and for general working capital purposes. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering, and payment of the Finders' fee are subject to the approval of the Exchange.
About Marvel Discovery Corp.
Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:
The Company's website is: https://marveldiscovery.ca/
ON BEHALF OF THE BOARD
Marvel Discovery Corp.
'Karim Rayani'
Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: [email protected]
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law
Neither 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.
SOURCE: Marvel Discovery Corp.
Get a daily dose of BC Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to BC Post.
More InformationLONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
(Photo credit: Ken Blaze-Imagn Images) Tarik Skubal had his final start before the All-Star break moved up. The Seattle Mariners...
(Photo credit: Matt Marton-Imagn Images) Pete Crow-Armstrong enters his first trip to Yankee Stadium as a member of the 25-25 club...
(Photo credit: Denis Poroy-Imagn Images) Fernando Tatis Jr. and Manny Machado each homered as the San Diego Padres beat the visiting...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) Marcus Semien went 4-for-5 with an RBI and three runs scored and Adolis Garcia homered...
(Photo credit: Sergio Estrada-Imagn Images) Tyler Soderstrom hit a three-run homer early and concluded the contest with a walk-off...
(Photo credit: Kamil Krzaczynski-Imagn Images) Kyle Manzardo was slated to bat cleanup and play first base for the Cleveland Guardians...