Doubleview Closes First Tranche ($450,000) of Flow-Through Financing
Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV, OTC: DBLVF, FRANKFURT: 1D4) is pleased to announce it has closed its first tranche of its previously announced non-brokered flow-through private placement. Under the first tranche, Doubleview has issued a total of 3,000,000 units (the “Units”) at $0.15 per Unit for total proceeds of $450,000. Each Unit consists of one common share issued as a flow-through common share and one non-transferable share purchase warrant (a “Warrant”), with each Warrant exercisable at $0.15 per share for a period of two years from the date of issue. The proceeds of the financing will be used for exploration work on the Hat Project.
Doubleview has the right to accelerate the expiry date of the Warrants if, at any time, the average closing price of Doubleview’s common shares is equal to or greater than $0.25 for 5 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Doubleview issues a news release announcing that it has elected to exercise this acceleration right.
The securities issued under the first tranche will be subject to restrictions on resale until January 24, 2020.
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
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