DOUBLEVIEW CAPITAL CORP. (“Doubleview”) (TSX-V: DBV) announces that it has been advised that Farshad Shirvani, Chief Executive Officer, President and a director of Doubleview, was issued a Notice of Hearing from the British Columbia Securities Commission (the “BCSC”) dated March 13, 2012 alleging that he failed to disclose in certain regulatory filings the fact that the BCSC issued three cease trade orders against International Ranger Corp. (“Ranger”) while he was a director of Ranger. These allegations have not been proven.
Management of Doubleview is confident that once all the facts have been presented to the BCSC that Mr. Shirvani will be found to not have deliberately violated the Securities Act.
The Notice of Hearing can be viewed on the BCSC’s website (www.bcsc.bc.ca) by typing in 2012 BCSECCOM 79 in the search box.
On behalf of the Board of Directors
Neil MacDonald, Chief Financial Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
T: (604) 633-2776
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