MARVEL DISCOVERY, ARRANGES $300,000 FLOW-THROUGH PRIVATE PLACEMENT FINANCING - Marvel Discovery Corp.

MARVEL DISCOVERY, ARRANGES $300,000 FLOW-THROUGH PRIVATE PLACEMENT FINANCING

May 21, 2021. Vancouver, B.C. – Marvel Discovery Corp. (TSX-V: MARV), (Frankfurt: O4T1), (IMTFF: OTC PINKS); (“Marvel” or the “Company”) is pleased to announce a non-brokered private placement of flow-through units (“FT Offering”) to raise a total of up to $300,000 at a price of $0.125 per unit. Each Unit consists of one flow-through common share and one-half of one common share purchase warrant; each whole warrant (“Warrant”) entitling the holder to subscribe for and purchase one non-flow-through common share (“Warrant Shares”) at a price of $0.25 for a period of 24 months from the date of issuance.

Finders’ fees may be payable in connection with the Offering in accordance with the policies of the TSX Venture Exchange (the “Exchange“).

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange.

The aggregate gross proceeds from the sale of the FT Offering will be used for exploration and development of the Company’s Duhamel Nickel, Copper, Cobalt Property located in Quebec.

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:

  • Exploits Zone, Newfoundland (Slip and Victoria Lake – Au Prospects)
  • Atikokan, Ontario (BlackFly – Au prospect)
  • Red Lake, Ontario (Camping Lake – Au prospect)
  • Quebec (Duhamel –Ni-Cu-Co prospect &  Titanium, Vanadium, and Chromium prospect)