Discovery Joint Venture Submits Industrial Hemp License Application
MARINA DEL REY, Calif., May 23, 2014 /PRNewswire/ -- Discovery Minerals Ltd. (OTC PINK: DSCR) (PINKSHEETS: DSCR) is pleased to announce the Joint Venture Agreement with Syngar Technologies has been finalized. The joint venture project with AB AGRO TECHNOLOGIES INC., has submitted its application with Health Canada for a license to cultivate Industrial Hemp.
Discovery, Syngar and AB AGRO TECHNOLOGIES have accomplished a significant business milestone with this license application. The industrial hemp license process is detailed, and rigorous qualifications must be met. Discovery's agriculture/growing consultants will be an integral and key component for a successful growing season in 2014; their previous experience and agricultural knowledge cultivating industrial hemp will greatly enhance this process.
The Company would also like to inform shareholders that it anticipates the quarterly financial information will be completed and submitted to OTCMarkets early next week.
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.
Safe Harbor: 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.
Contact Person:
Russell Smith
1-310-961-4654
At: info@discoveryholdingscorp.com
SOURCE Discovery Minerals Ltd.
