Dec 11 (Reuters) - Discovery Ventures Inc DVN.V :
* Announces oversubscribed private placement
* Private placement financing is oversubscribed as it entered into agreements
for 7.9 million units at $0.15 per unit
* Proceeds of financing are anticipated to be used towards purchase of
equipment for Willamax project and general working capital
* Source text for Eikon
* Further company coverage DVN.V