Discovery Harbour Resources Announces Agreement for Sale of Shares

Core Viewpoint - Discovery Harbour Resources Corp. has entered into an agreement to sell its minority shareholding in UVAD Technologies Inc. for proceeds of $297,000, indicating a strategic divestment from a non-core investment asset [1][2]. Group 1: Transaction Details - The sale of shares is valued at $297,000 and is classified as an arm's length transaction, meaning it is conducted between parties with no prior relationship [1][3]. - The shares were originally acquired in 2011 as part of a debt settlement and are considered a passive investment unrelated to the company's current focus on mineral properties [2]. - The transaction is subject to approval from the TSX Venture Exchange and requires disinterested shareholder approval along with other customary closing conditions [3]. Group 2: Company Focus - Discovery Harbour Resources Corp. is primarily engaged in sourcing, exploring, and developing mineral properties in mining-friendly jurisdictions, highlighting its commitment to its core business [2].