News: Discovery Metals to provide funding and potential transaction update

Discovery Metals (ASX:DML) has been granted a trading halt by the ASX, with the company's shares placed in pre-open.

The company requested the halt pending further information in regard to discussions relating to the provision of interim funding and in relation to an update on discussions that have been in progress with Cupric Canyon Capital LP in relation to a potential transaction.

On 2 December 2014, Discovery Metals announced that it had entered into exclusive discussions with Cupric for the potential sale of a 100% interest in the company's Boseto Copper Operation in Botswana, Southern Africa.

The halt will last until the opening of trade on Friday 30th January 2015, or earlier if an announcement is made to the market.