Fort Capital Advises Levon Resources in Merger with Discovery Metals

Mergers, Acquisitions & Divestitures
Transaction Details

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Levon Resources (“Levon”) (TSXV:LVN) and Discovery Metals (“Discovery”) (TSXV:DSV) have entered into an arrangement agreement to combine the two companies, creating a leading silver-focused exploration and development company that will control several district-scale projects in Mexico. Upon completion of the transaction, existing Levon and Discovery shareholders will own approximately 49.6% and 50.4% of the combined company, respectively.

The proposed arrangement provides shareholders with access to two district-scale projects, as well as an enhanced capital markets profile supported by the Oxygen Capital team.

Fort Capital Partners acted as financial advisor and has provided a fairness opinion to Levon with respect to the transaction.

ABOUT LEVON RESOURCES

Levon discovered in 2009 and is advancing one of the world’s largest silver resources. Accelerated drilling and land acquisition consolidated Levon’s 100% claim ownership over the entire Cordero District Project in Chihuahua State, near Hildalgo Del Parral, Mexico. Cordero hosts a large, bulk tonnage, open pit mineral resource of over 1.8 Boz AgEq. The resource is cut by very high grade, bonaza vein swarms mined in the past, which represent high grade discovery and development upside to be pursued by the merged company.

ABOUT DISCOVERY METALS

The Discovery team, led by Mark O’Dea, is focused on advancing high-grade polymetallic deposits in a recently assembled land package of ~150,000 hectares in Coahuila State, Mexico. Discovery’s Puerto Rico project has district-scale potential and has returned extremely high grades in the range of 20 to 40% ZnEq from underground sampling programs. “