0000908662-17-000171.txt : 20170921 0000908662-17-000171.hdr.sgml : 20170921 20170921160213 ACCESSION NUMBER: 0000908662-17-000171 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170919 FILED AS OF DATE: 20170921 DATE AS OF CHANGE: 20170921 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WEBSTER STEVEN A CENTRAL INDEX KEY: 0001008023 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-53520 FILM NUMBER: 171095851 MAIL ADDRESS: STREET 1: 500 DALLAS STREET STREET 2: SUITE 2300 CITY: HOUSTON STATE: TX ZIP: 77002 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DEC Funding LLC CENTRAL INDEX KEY: 0001675880 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-53520 FILM NUMBER: 171095850 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3700 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-328-1099 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3700 CITY: HOUSTON STATE: TX ZIP: 77002 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Discovery Energy Corp. CENTRAL INDEX KEY: 0001435387 STANDARD INDUSTRIAL CLASSIFICATION: OIL AND GAS FIELD EXPLORATION SERVICES [1382] IRS NUMBER: 980507846 STATE OF INCORPORATION: NV FISCAL YEAR END: 0228 BUSINESS ADDRESS: STREET 1: ONE RIVERWAY DRIVE STREET 2: SUITE 1700 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: (713) 840-6495 MAIL ADDRESS: STREET 1: ONE RIVERWAY DRIVE STREET 2: SUITE 1700 CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: Santos Resource Corp. DATE OF NAME CHANGE: 20080516 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2017-09-19 0001435387 Discovery Energy Corp. DENR 0001008023 WEBSTER STEVEN A 1000 LOUISIANA STREET, SUITE 3700 HOUSTON, TX 77002 0 0 1 0 0001675880 DEC Funding LLC 1000 LOUISIANA STREET, SUITE 3700 HOUSTON, TX 77002 0 0 1 0 8% Convertible Debentures due 2021 .16 2017-09-19 4 P 0 400000.00 400000.00 A 2021-05-27 Common Stock 2500000 5460826.00 I Through DEC Funding LLC Warrant .20 2017-09-19 4 P 0 1500000 0 A 2020-09-19 Common Stock 1500000 1500000 I Through DEC Funding LLC Option (Right to Buy) .20 2017-09-19 4 J 0 10000000.00 0 D 2017-09-30 8% Convertible Debentures due 2021 10000000.00 0 I Through DEC Funding LLC Option (Right to Buy) .20 2017-09-19 4 J 0 10000000.00 0 D 8% Convertible Debentures due 2021 10000000.00 0 I Through DEC Funding LLC Option (Right to Buy) .20 2017-09-19 4 P 0 10000000.00 0 A 2018-01-31 8% Convertible Debentures due 2021 10000000.00 10000000.00 I Through DEC Funding LLC Option (Right to Buy) .20 2017-09-19 4 P 0 10000000.00 0 A 8% Convertible Debentures due 2021 10000000.00 10000000.00 I Through DEC Funding LLC Immediately exercisable. The expiration dates of two options initially granted February 15, 2017 were extended by four months as indicated, without additional value being received. Exercisable following an exercise of the first option described above. Prior to the amendment, the option expired on the later of March 31, 2018 or three months after certification of drilling of the Company's fourth well as described in the Securities Purchase Agreement, as amended (the "Certification"). Exercisable following an exercise of the first described immediately above. Expires on the later of July 31, 2018 or three months after Certification. Mr. Webster disclaims beneficial ownership of any securities that exceed his pecuniary interest in the securities held by DEC Funding LLC. /s/ Steven Webster 2017-09-21 /s/ DEC Funding LLC, by Steven Webster, its Manager 2017-09-21