March 23 (Reuters) - Deep Yellow Ltd DYL.AX :
* DEEP YELLOW LTD - SHARE PURCHASE PLAN HEAVILY OVERSUBSCRIBED
* DEEP YELLOW LTD - RECEIVED VALID APPLICATIONS FOR A TOTAL OF 11.4 MILLION SHARES, A TOTAL OF A$7.4 MILLION
* DEEP YELLOW-WILL CONDUCT PRO-RATA SCALE-BACK OF APPLICATIONS WITH NUMBER OF SHARES ROUNDED DOWN TO 3.1 MILLION FOR SPP TOTAL OF A$2 MILLION