Shareholders Approve Discovery Capital Plan of Liquidation
21 Agosto 2007 - 7:12PM
Marketwired Canada
At the annual and special meeting of shareholders held today, shareholders of
Discovery Capital Corporation ("Discovery") (TSX VENTURE:DVY.Y) approved the
previously announced plan for the liquidation of Discovery, including the sale
of Discovery's subsidiary, Discovery Capital Management Corp., to management of
Discovery (the "Management Purchase") and the distribution of Discovery's assets
to its shareholders. Shareholders approved the plan of liquidation by over 99%
of the votes cast, including over 99% of the votes cast by minority shareholders
in respect of the Management Purchase, as required by the policies of the TSX
Venture Exchange.
Discovery will provide further information to shareholders regarding important
dates with respect to their ownership of Discovery shares.
About Discovery Capital:
With over 20 years of venture capital experience in British Columbia, Discovery
Capital is a venture fund manager through its wholly owned subsidiary, Discovery
Capital Management Corp., and venture capital investor specializing in:
information technology, communications, health and life sciences, and other
advanced technologies. Discovery Capital has proven expertise in strategic
planning, management development, innovative financing strategies, corporate
governance and positioning for liquidity. Discovery Capital Management Corp. is
the manager of British Columbia Discovery Fund (VCC) Inc., a British Columbia
venture capital fund that has raised approximately $43 million to date and has
investment interests in eleven developing technology companies.
For more information about Discovery Capital Corporation, please visit
www.discoverycapital.com.
John McEwen, President and Co-Chief Executive Officer
Harry Jaako, Chairman and Co-Chief Executive Officer
This news release may include statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. The Company cautions that actual performance will be affected by
a number of factors, many of which are beyond its control. Future events and
results may vary substantially from what the Company currently foresees.
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