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Discovery-Corp Terminates Reverse Takeover Arrangement

Story Highlights
  • Discovery-Corp’s proposed reverse takeover by Scramble Resources has been terminated.
  • The termination may affect Discovery’s strategic direction and market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Discovery-Corp Terminates Reverse Takeover Arrangement

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Discovery-Corp ( (TSE:DCY) ) has provided an update.

Discovery-Corp Enterprises Inc., a company listed on the TSX Venture Exchange under the symbol DCY, has announced the termination of its proposed reverse takeover by Scramble Resources Corp. The arrangement, initially agreed upon in October 2022, required several approvals including those from the TSXV, shareholders, and the court, none of which were obtained. This development may impact Discovery’s strategic direction and market positioning, and investors are advised to consider trading in Discovery’s securities as highly speculative.

More about Discovery-Corp

Technical Sentiment Signal: Buy

Current Market Cap: C$808K

See more data about DCY stock on TipRanks’ Stock Analysis page.

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