Doubleview Capital Corp. (TSX-V: DBV) Announces Closing of Private Placement Financing
Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to announce that it has closed its fully subscribed non-brokered private placement financing of 10,000,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $500,000. Each Unit is comprised of one common share of Doubleview and one common share purchase warrant (a “Warrant”), with each Warrant entitling the holder to purchase one additional common share at $0.08 per share for a period of three and half years from the date of issue.
The securities issued under the financing will be subject to a hold period expiring on November 18, 2018 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
The Company will use the proceeds of the Private Placement for exploration expenditures on the Company’s Canadian properties and general working capital.
Mr. Maxwell Munday has subscribed to 100% of this financing. Mr. Munday is an investor from Burnaby, British Columbia, who has supported many mining exploration and development companies and has been an important pillar in their success such as Integra Gold Corp.
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], [OTCBB: DBLVF], [GER: A1W038], [Frankfurt: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. 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. The Company’s portfolio of strategic properties provides diversification and mitigates investment risk.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
409 Granville St., Suite #880
Vancouver, BC V6C 1T2
Farshad Shirvani, President & CEO
T: (604) 678-9587
The 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 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.