FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WEBSTER STEVEN A 		2. Issuer Name and Ticker or Trading Symbol

Discovery Energy Corp. [ DENR ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1000 LOUISIANA STREET, SUITE 3700 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/19/2017
(Street)

HOUSTON, TX 77002
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
8% Convertible Debentures due 2021   $.16   9/19/2017     P      $400000.00         (1) 5/27/2021   Common Stock   2500000   $400000.00   $5460826.00   I   Through DEC Funding LLC   (6)
Warrant   $.20   9/19/2017     P      1500000         (1) 9/19/2020   Common Stock   1500000   $0   1500000   I   Through DEC Funding LLC   (6)
Option (Right to Buy)   $.20   9/19/2017     J   (2)       $10000000.00      (2) 9/30/2017   (2) 8% Convertible Debentures due 2021   $10000000.00   $0   $0   I   Through DEC Funding LLC   (6)
Option (Right to Buy)   $.20   9/19/2017     J   (2)       $10000000.00   (3)     (3)   (3) 8% Convertible Debentures due 2021   $10000000.00   $0   $0   I   Through DEC Funding LLC   (6)
Option (Right to Buy)   $.20   9/19/2017     P   (2)    $10000000.00         (1) 1/31/2018   8% Convertible Debentures due 2021   $10000000.00   $0   $10000000.00   I   Through DEC Funding LLC   (6)
Option (Right to Buy)   $.20   9/19/2017     P   (2)    $10000000.00         (4)   (5) 8% Convertible Debentures due 2021   $10000000.00   $0   $10000000.00   I   Through DEC Funding LLC   (6)

Explanation of Responses:
(1)  Immediately exercisable.
(2)  The expiration dates of two options initially granted February 15, 2017 were extended by four months as indicated, without additional value being received.
(3)  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").
(4)  Exercisable following an exercise of the first described immediately above.
(5)  Expires on the later of July 31, 2018 or three months after Certification.
(6)  Mr. Webster disclaims beneficial ownership of any securities that exceed his pecuniary interest in the securities held by DEC Funding LLC.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WEBSTER STEVEN A
1000 LOUISIANA STREET, SUITE 3700
HOUSTON, TX 77002
X

DEC Funding LLC
1000 LOUISIANA STREET, SUITE 3700
HOUSTON, TX 77002
X


Signatures
/s/ Steven Webster 9/21/2017
** Signature of Reporting Person Date

/s/ DEC Funding LLC, by Steven Webster, its Manager 9/21/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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