DVY.Y Discovery Cap Corp Cda

British Columbia Discovery Fund (VCC) Inc. (the "Fund") (TSX VENTURE:DVY.Y), a
venture capital investment fund managed by Discovery Capital Management Corp.
("DCMC"), is updating its reporting of security holdings in its portfolio
company, Vigil Health Solutions Inc. ("Vigil"), as a result of the one for
twenty consolidation of the common shares of Vigil effective at the opening of
trading on September 10, 2010.


The Fund recently made a loan to Vigil in the principal amount of $100,000 and
thereby acquired ownership of a secured, interest-bearing convertible debt
instrument. The Fund presently owns 747,714 post-consolidation common shares of
Vigil, representing approximately 15% of its presently outstanding
post-consolidation common shares. If, instead of being repaid by Vigil, the loan
principal is converted (and not taking into account any conversion of accrued
interest), the Fund would acquire an additional 500,000 common shares and hold a
total of 1,247,714 post-consolidation common shares, representing approximately
25% of the outstanding post-consolidation common shares of Vigil.


In addition, DCMC, which has voting control and direction over the holdings of
the Fund, is custodian of and has voting control over 376,106 post-consolidation
common shares of Vigil which are being held for the benefit of former
shareholders of Discovery Capital Corporation ("DCC"). These shares represent
approximately 7.5% of the presently outstanding post-consolidation common shares
of Vigil. Accordingly, DCMC presently has voting control and direction over a
combined total of approximately 22.5% of the outstanding post-consolidation
common shares of Vigil and, in the event of conversion of the loan, would have
voting control and direction over approximately 32.5% of the outstanding
post-consolidation common shares of Vigil. Harry Jaako, director of the Fund and
of Vigil, and a principal of DCMC, also holds common shares representing an
approximate 0.5% post-consolidation interest in Vigil.


The loan transaction was made by the Fund for investment purposes in connection
with a debt financing recently completed by Vigil. The Fund may acquire
ownership of additional securities of Vigil, or the Fund (and/or DCMC on behalf
of the Fund and/or the former shareholders of DCC) may dispose of securities of
Vigil, as circumstances arise or market conditions warrant.


Further details are available in the accompanying report filed by the Fund on
SEDAR pursuant to National Instrument 62-103.


About British Columbia Discovery Fund (VCC) Inc.

British Columbia Discovery Fund (VCC) Inc. was established to make venture
capital investments in a portfolio of small businesses in British Columbia that
qualify under the Small Business Venture Capital Act, focusing on all of B.C.'s
top internationally recognized technology clusters; information technology
(software and hardware), mobile technology (wireless and networking solutions),
clean technology (alternative energy and energy-saving technology solutions),
new media and health and life sciences. 


Established in 2002 and managed by Discovery Capital Management Corp., the Fund
is focussed on making diversified investments in British Columbia with the
objectives of achieving long-term capital appreciation for its shareholders and
contributing to the growth in value and employment of the technology industry in
British Columbia. In addition to offering a means of participating in the
potential of British Columbia's newest technology ventures, the Fund offers
significant tax savings to eligible British Columbia individual and corporate
investors. The Fund, which offers its shares on a continuous basis, has raised
over $65 million to date and has investments in fifteen developing technology
companies. B.C. resident investors are entitled to receive a tax credit equal to
30% of the amount invested in the Fund. To obtain further information about the
Fund, please contact a registered advisor or visit www.sedar.com or
www.bcdiscoveryfund.com.


John McEwen, CEO, B.C. Discovery Fund (VCC) Inc.

Harry Jaako, President, B.C. Discovery Fund (VCC) Inc.

This press release is not an offer to sell or a solicitation of an offer to buy
common shares. This press 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 issuer 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 issuer currently
foresees.

Discovery Cap Corp Cda (TSXV:DVY.Y)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Discovery Cap Corp Cda (TSXV:DVY.Y)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024