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Enter Symbol
or Name
USA
CA



Doubleview Capital Corp
Symbol DBV
Shares Issued 53,061,965
Close 2014-08-07 C$ 0.15
Market Cap C$ 7,959,295
Recent Sedar Documents

Doubleview closes $384,000 first tranche of placement

2014-08-08 16:39 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW CAPITAL CORP. (TSX-V: DBV) CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $384,000

Doubleview Capital Corp. has closed the first tranche of its non-brokered private placement financing announced on Aug. 7, 2014. Doubleview issued a total of 2.06 million flow-through units at a price of 16 cents per flow-through unit for gross proceeds of $329,600 and 340,000 non-flow-through units at a price of 16 cents per non-flow-through unit for gross proceeds of $54,400.

Each non-flow-through unit comprises one common share of Doubleview and one common share purchase warrant, with each non-flow-through warrant entitling the holder to purchase one additional common share at 25 cents until Aug. 8, 2016. Each flow-through unit comprises one flow-through common share of Doubleview and one-half of one common share purchase warrant, with each whole flow-through warrant entitling the holder to purchase one additional common share at 25 cents until Aug. 8, 2016. Doubleview will have the right to accelerate the expiry date of the non-flow-through warrants and flow-through warrants if, at any time, the average closing price of Doubleview's common shares is equal to, or greater than, 30 cents for 10 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.

In connection with the proceeds raised under the first tranche, Doubleview paid a finder a cash commission of $30,400 and issued the finder 190,000 non-transferable warrants. Each finder warrant is exercisable on the same terms as the warrants described above.

The securities issued under the financing will be subject to a hold period expiring on Dec. 9, 2014, pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.

The proceeds from the flow-through offering will be used to carry out Doubleview's 2014 fall drill program on its highly prospective Hat copper-gold-porphyry project in northwestern British Columbia, and the net proceeds of the non-flow-through offering will be used for general working capital purposes.

We seek Safe Harbor.

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