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