Doubleview Capital Corp. (TSX-V: DBV) Closes Final Tranche of $600,000 Private Placement Financing
16 Outubro 2013 - 7:31PM
Access Wire
Doubleview Capital
Corp. ("Doubleview") (TSX-V: DBV) is pleased to announce that it has
closed the final tranche of its private
placement financing announced on September 5, 2013 and October 8,
2013 by issuing a total of 5,250,000 units ("Units") for gross
proceeds of $315,000. Under the entire
private placement financing, Doubleview raised total gross proceeds
of $600,000 by issuing a total of 10,000,000 Units.
Each Unit is 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.
In connection with
the proceeds raised under the private placement, Doubleview paid
finders cash commissions totaling $28,052 and issued a finder
213,200 non-transferable warrants. Each finder's warrant is
exercisable on the same terms as the warrants described
above.
Mr. Shirvani, Chief Executive Officer,
President and a director of Doubleview, subscribed for 1,415,001
Units under the first tranche and 2,110,000 Units under the final
tranche of the financing, representing a total of 3,525,001 Units
under the entire financing. As a result, the issuance of Units to Mr. Shirvani is considered to be
a related party transaction subject to TSX Venture Exchange Policy
5.9 and Multilateral Instrument 61-101. Doubleview is relying on
exemptions from the formal valuation and minority shareholder
approval requirements provided under sections 5.5(a) and 5.7(a) of
Multilateral Instrument 61-101 on the basis that participation in
the private placement by insiders will not exceed 25% of the fair
market value of Doubleview's
market capitalization.
The securities issued
under the financing will be subject to a hold period expiring on
February 17, 2014 pursuant to applicable Canadian securities laws
and the rules of the TSX Venture Exchange.
Proceeds from the financing will be directed
to Doubleview's geophysical surveys and 2013 fall program of
diamond drilling on its Hat alkalic copper-gold porphyry property
located in the Sheslay district in northwestern B. C.
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
Farshad
Shirvani
President &
CEO
T: (604)
678-9587
E: corporate@doubleview.ca
Forward-Looking
Statements
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
implement its drill 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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