Marvel Discovery Corp V.MARV

First tranche of PP has closed

[Hallfield]

VANCOUVER, BC / ACCESSWIRE / November 28, 2023 / Marvel Discovery Corp.(TSXV:MARV),(Frankfurt:O4T),(OTCQB:MARVF); (the "Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement (the "First Tranche") previously announced on November 17, 2023. In connection with the First Tranche, the Company raised total gross proceeds of $650,000 by issuing 12,000,000 flow-through units (the "FT Units") and issuing 1,250,000 non flow-through units (the "NFT Units").

Each FT Unit priced at $0.05 per FT Unit consisted of one flow-through share and one-half of one share purchase warrant; each whole warrant entitling the holder to purchase one non flow-through share at a price of $0.10 for a period of two years from the closing date.

Each NFT Unit priced at $0.04 per NFT Unit consisted of one non-flow through share and one share purchase warrant; each warrant entitling the holder to purchase one non flow-through share at a price of $0.075 for a period of five years from the closing date.

The gross proceeds from the sale of the FT Units will be used for exploration and development of the Company's projects in Quebec. The gross proceeds from the sale of the NFT Units will be used for general working capital purposes. None of the proceeds from the sale of the NFT Units will be used for payments to non-arm's length parties or persons conducting investor relations activities.

Finder's fees in the amount of $45,500 cash and 927,500 broker warrants will be paid to an arm's length party in connection with the First Tranche. Each broker's warrant is exercisable into one common share at a price of $0.075 per share for a period of two years from the closing date.

All securities issued in connection with the First Tranche will be subject to a statutory hold period expiring four months and one day after closing. Final acceptance is subject to TSX Venture approval.

About Marvel Discovery Corp.

Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:

• Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte, and Hope Brook - Au Prospects)
• Atikokan, Ontario (BlackFly - Au Prospect)
• Elliot Lake, Ontario (East Bull - Ni-Cu-PGE Prospect)
• Quebec (Duhamel -Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect)
• Prince George, British Columbia (Wicheeda North - Rare Earth Elements Prospect)

The Company's website is: https://marveldiscovery.ca/

ON BEHALF OF THE BOARD
Marvel Discovery Corp.
"Karim Rayani"
Karim Rayani
President/Chief Executive Officer, Director
Tel: [phone] email: [e-mail]

[Odinson]

More dilution!!!!

[NickCarpathia]

When they got nothing else, they dilute, until they have no choice but to rollback. Not now, but eventually, its just the way the junior mining market works.  Get moose pasture, raise money, do some work on the pasture, drill the pasture, if good no problems. 99 out of 100 fail, stock goes to low single digits, rollback the shares, raise more money from new bag holders, find another moose

[Odinson]

I'm going to stop short of saying swindled ...... but JUST short!!! It has become a lot worse over the time of the new owner. More Moose pasture witout any real, serious, concrete results!!!

[NickCarpathia]

You are correct. And someone told me PowerOne would be trading soon, way back in September.  They were strung along with excuses every week. Let's face it, he was were lied to, over and over again. If management doesn't want it to trade, he will come up with excuses always. I have Zero trust in MARV, FG, CARM, JAX, EUP, all of these have one thing in common, and he stinks. GLTA

[Odinson]

The old pecors lake claim is huge, why isn't there more being done over there? Why more moose pasture without at least trying to bring something on to line?  Why??? It is likely more productive to mine the pockets of the small time investors. Which brings up another point .... how much of people's investment money actually goes into work ie: drilling and how much goes to support a

[MrDales62]

I know the feeling Nick. I've been hearing a week to 10 days for months. It became evident that I was lied to. I have no more shares. GLTA

[Odinson]

Funny that the pumper honeywagon has disappeared....

[NickCarpathia]

I wonder if the honeypumper knows why PowerOne is not still trading? Is it by design or sheer mismanagement? PowerOne spinout was announced Mar-17-2021 and approved at a meeting of shareholders on April-23-2021. Almost 3 years, this is a joke of a company! I have never, ever heard of a spin out taking this long. Very suspicious.

[Odinson]

They didn't put sand in the vaseline, they put gravel!!!!

[NickCarpathia]

F3 Uranium Corp announced a spin out today. Wanna bet this doesn't take almost 3 years like PowerOne! LOL