Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) announces a proposed non-brokered private placement of up to 8,333,333 units ("Units") at a price of $0.06 per Unit for gross proceeds of up to $500,000 (the "Offering"). Each Unit will be comprised of one common share of Doubleview and one-half of one common share purchase warrant ("Warrant"), with each whole Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issuance.
Subject to TSX Venture Exchange approval, Doubleview may pay finders a fee of up to 8% of the gross proceeds of the private placement and issue finders share purchase warrants equal to 8% of the number of Units sold in the Offering. Each finder's warrant will entitle the holder to acquire one common share of Doubleview at a price of $0.15 per share for a period of two years from the date of issuance.
Proceeds from the Offering will be used by Doubleview for an additional drill program on the Hat Property, located in northwestern British Columbia, and for general working capital purposes.
Closing of the Offering is subject to TSX Venture Exchange approval.
About Doubleview Capital Corp.
Doubleview Capital Corp. is a Canadian resource exploration and development company located in Vancouver British Columbia. Doubleview is a publicly trading company on TSX-Venture Exchange under TSX.V: DBV. Doubleview identifies, acquires and finances quality precious and base metal exploration mining projects in North America and more specifically British Columbia, Canada. Doubleview increases shareholder value through strategic and quality Gold, Copper, and Silver projects acquisitions, and through advanced and state of the art exploration methods in the industry.
Doubleview endeavours to increase the odds of exploration success and to mitigate investment risk through diversification. The recent, strategic property acquisitions have strengthened the Doubleview's property portfolio of Gold, Silver and Copper exploration projects.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
President & CEO
T: (604) 678-9587
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview's control. Such factors include, among other things: risks and uncertainties relating to Doubleview's ability to complete the proposed private placement financing, implement its exploration program on the Hat Property, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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