VANCOUVER, B.C. / TheNewswire / October 24, 2018 - Discovery One Investment Corporation (the “Corporation”) (TSXV:DOIT.P) is pleased to announce that it has successfully completed its initial public offering of 10,000,000 common shares of the Corporation (“Common Shares”) at a purchase price of $0.10 per Common Share for gross proceeds of $1,000,000 (the “Offering”) and  its concurrent listing as a Tier 2 company on the TSX Venture Exchange (the “Exchange”). The Common Shares are expected to commence trading on the Exchange under the symbol “DOIT.P” on October 26, 2018.

Canaccord Genuity Corp. (the “Agent”) acted as the agent for the Offering and in connection therewith, the Corporation granted the Agent non-transferable warrants (the “Agent’s Warrants”) which entitle the Agent to purchase up to 1,000,000 Common Shares at an exercise price $0.10 per Common Share for the 24 months following the closing date of the Offering.

The Corporation is a “capital pool company” and intends to use the net proceeds of the Offering, along with cash on hand, to identify and evaluate assets or businesses for acquisition with a view of completing a “Qualifying Transaction” under the policies of the Exchange.

Investors are cautioned that trading in the securities of a capital pool company is considered highly speculative.

This press release does not constitute an offer to sale or the solicitation of an offer to buy nor shall there by any sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be illegal, including the United States. The securities being offered 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 of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from such registration requirements.

For further information, please contact: 

Discovery One Investment Corporation
Len Brownlie, Ph.D – President, Chief Executive Officer, and Director 
Phone: (604) 649-5724

Email: firstsilver@hotmail.com

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Information Cautionary Statement

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Corporation’s future performance. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated”, and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the Corporation’s stated use of proceeds, intention to complete a qualifying transaction, and the resumption of trading of the Common Shares on the Exchange constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statement made in this press release are made as of the date hereof. The Corporation disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws. There can be no assurance that any of the forward-looking statements or information contained in this press release will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information.