09:53 AM EST - Discovery Ventures Inc. : Announced it intends to undertake a private placement financing of up to 7,333,333 units at a price of $0.15 per unit for gross proceeds of up to $1,100,000. Each unit consists of one common share of the Discovery and one share purchase warrant, which entitles the holder thereof to purchase one additional share at a price of $0.20 per share for a period of five years from closing of the financing. Discovery Ventures Inc.
shares V.DVN are trading up $0.005 at $0.16.
