Doubleview Capital Corp. Announces Exercise of 840,000 Warrants for Proceeds of $126,000 and Hat Project Update
05 Fevereiro 2014 - 12:00PM
Access Wire
February 5, 2014. Vancouver, B.C.
Doubleview Capital Corp.
("Doubleview") (TSX-V: DBV) announces that 840,000
previously issued share purchase warrants (the "Warrants") were
exercised at a price of $0.15 per share for gross proceeds of
$126,000. The Warrants were issued in May 2013 as part of a
non-brokered private placement financing and were set to expire on
May 31, 2015.
Following the exercise of the
Warrants, Doubleview continues to have a total of 20,223,551 share
purchase warrants outstanding that were previously issued as part
of private placement financings in December 2012, May 2013,
September 2013 and October 2013.
"This warrant exercise shows the
continued support of our shareholders in Doubleview," notes Farshad
Shirvani, CEO and director of Doubleview.
Hat
Project Update
As reported in a News Release dated
January 20, 2014, the 2013 programs of IP surveying and diamond
drilling in the Anomaly B area resulted in discovery of what may
prove to be a classic copper-gold alkalic porphyry mineral zone.
The zone was shown to have lateral and vertical continuity and has
not been limited in any direction. The Company's management and
consultants have now determined the next phase work program on the
Hat Project. Further exploration will be directed to the newly
discovered 'Anomaly B' mineral zone, to Anomaly C about 2.5 km west
of drill hole HAT-08, and to other similar targeted areas
identified by prospecting and technical surveys.
The initial phase of drilling in
2014 will include several drill holes in the Anomaly B area to
further develop the highly regarded zone of copper-gold
mineralization. Also several holes will be directed to Anomaly C
where copper-gold mineralization was found in outcrops coincident
with the highest chargeability readings obtained in the Company's
2013 induced polarization geophysical survey.
Doubleview holds an option to
acquire a 100% interest in the Hat Project, subject to a 2% net
smelter return royalty.
Disclosure
Erik A. Ostensoe, P. Geo, a
consulting geologist and Doubleview's Qualified Person within the
meaning of National Instrument 43-101 - Standards of Disclosure for
Mineral Projects with respect to the Hat Project, has reviewed and
approved the technical disclosure of this news release. Mr.
Ostensoe is not independent of Doubleview as he is a shareholder
and is a co-optionor of the Hat Project.
About Doubleview Capital Corp.
Doubleview Capital Corp., a mineral
resource exploration and development company, is based in
Vancouver, British Columbia, Canada and is publicly traded on the
TSX-Venture Exchange [TSX.V:DBV]. Doubleview identifies, acquires
and finances precious and base metal exploration projects in North
America, particularly in British Columbia, Canada. Doubleview
increases shareholder value through acquisition and exploration of
quality gold, copper and silver properties and the application of
advanced state-of-the-art exploration methods. Doubleview's
portfolio of strategic properties provides diversification and
mitigates investment risk.
Forward-looking
Information
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 results of Doubleview's
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.
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
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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