MARINA DEL REY, CA / ACCESSWIRE / January 15, 2015 / Discovery Minerals LTD. (OTC Pink: DSCR) Discovery's joint venture partner AB AGRO has secured two potential seed purchasers for the sale of the 2014 harvested hemp seed. Currently both seed purchasers are still working their way through previous committed seed inventory. Despite the delays, both AB AGRO and Discovery anticipate a positive outcome and expect to book revenue from the sale of the harvested seed in the current quarter. Additional details will be provided as information becomes available.
AB AGRO has received notification that as of January 12, Health Canada has completed its review of AB AGRO's application for the 2015 growing season and confirmed the License. Discovery and AB AGRO are in discussions to extend their partnership into the 2015 growing season, and have already had several discussions with additional growing partners to increase overall growing acreage.
Discovery is currently in the process of finalizing the annual disclosure statement. With the completion of the annual filing, the company intends to commence the audit process of its two previous fiscal years, with the goal of becoming a fully reporting issuer. The company looks forward in 2015 to provide greater transparency to the market and most importantly its loyal and valued shareholders as the company continues to capitalize on emerging growth opportunities.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC PINKSHEETS: DSCR.PK) is an acquisition and development company that targets natural resource properties through its subsidiaries. These properties fall within two primary channels, precious metals/mining and industrial hemp. Discovery subsidiaries engage in activities that include the cultivation, product development, and distribution of industrial hemp; Gold, silver and precious metals. In addition, the Company is pursuing clean tech and alternative energy investments to be integrated into these business channels.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
SOURCE: Discovery Minerals LTD.