Doubleview Financing Update
Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview”) is pleased to announce that it has received TSX.V conditional approval for the previously announced first tranche of its non-brokered flow-through and non-flow-through private placement and the issuance of 1,643,304 flow-through units (the “FT Units”) and 100,000 non-flow-through units (the “NFT Units”).
The Company may raise up to $ 5,000,000 through the non brokered private placement consisting of FT and NFT Units. Each FT Unit, at a price of $0.30, consists of one common share issued as a flow-through common share and one non-transferable share purchase warrant (a “Warrant”), with each whole Warrant exercisable at $0.33 per share for a period of two years from the date of issue. Each NFT Unit at a price of $0.25 consists of one common share and one non-transferable share purchase warrant (a “Warrant”), with each Warrant exercisable at $0.31 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 its projects, particularly for the Hat Project, and general administration.
The securities issued will be subject to restrictions on resale for 4 months and a day, pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
About Doubleview Gold Corp
Doubleview Gold Corp, a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange (TSXV: DBG). 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. Doubleview’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 Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
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.
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