Home » Internet » Discovery Announces Warrant Exercises, Resulting in Increased Cash Balance of C$98 million Discovery Announces Warrant Exercises, Resulting in Increased Cash Balance of C$98 million Posted by PublisherInternet Monday, 22. February 2021 Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) (?Discovery? or the ?Company? – https://www.commodity-tv.com/ondemand/companies/profil/discovery-metals-Corp/) announces that an aggregate of 31,140,000 common share purchase warrants with an exercise price of C$1.00 were exercised prior to their expiry on February 17, 2021. The exercises resulted in gross proceeds of approximately C$31 million. The Company?s current cash balance has increased to approximately C$98 million. Taj Singh, President and CEO comments: ?The exercise and expiry of these warrants is a significant positive event as it bolsters our cash position and eliminates the selling pressure typically experienced with warrant expiration. In the last six weeks 18 million warrants were exercised. With a cash balance of nearly $100M Discovery is in a solid position to rapidly advance the Cordero project, one of the largest undeveloped silver assets in the world, at a time when silver demand is very strong and sizeable development assets are in short supply.?