Vancouver, British Columbia (FSCwire) - Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to announce a fully subscribed non-brokered private placement financing of 2,086,666 flow through units (the “FT Units”) at a price of $0.12 per FT Unit for gross proceeds of $250,399.92. Each FT Unit is comprised of one common share of Doubleview and one nontransferable common share purchase warrant (a “Warrant”), with each Warrant entitling the holder to purchase one additional common share for a period of two (2) years at $0.10 per share for the first year and $0.12 per share for the second year.
The securities issued under the financing will be subject to a four month hold period 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. The Private Placement is subject to TSX Venture Exchange approval.
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.
