Oct 10 (Reuters) - Discovery Metals Corp DSV.V :
* DISCOVERY METALS ANNOUNCES $17 MILLION PRIVATE PLACEMENT INCLUDING $5 MILLION INVESTMENT FROM ERIC SPROTT
* DISCOVERY METALS - PRIVATE PLACEMENT TO RAISE UP TO $17 MILLION THROUGH ISSUANCE OF COMMON SHARES & SUBSCRIPTION RECEIPTS AT PRICE OF $0.45 PER SECURITY
* DISCOVERY METALS - PROCEEDS OF PRIVATE PLACEMENT TO BE USED PRIMARILY TO FUND DISCOVERY'S CONTINUING EXPLORATION PROGRAM AT ITS EXPLORATION PROPERTIES