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Enter Symbol
or Name
USA
CA



Doubleview Capital Corp
Symbol DBV
Shares Issued 80,944,256
Close 2017-10-10 C$ 0.10
Market Cap C$ 8,094,426
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Doubleview Capital closes $580,000 private placement

2017-10-10 18:53 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW CAPITAL CORP. (TSX-V:DBV) CLOSES FULLY SUBSCRIBED PRIVATE PLACEMENT FINANCING

Doubleview Capital Corp. has closed its fully subscribed non-brokered private placement financing of 11.6 million units at a price of five cents per unit for gross proceeds of $580,000. Each unit will comprise one common share of Doubleview and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at five cents per share for a period of five years from the date of issue.

The securities issued under the private placement will be subject to restrictions on resale expiring on Feb. 11, 2018.

As insiders are subscribing under the private placement financing, it is considered to be a related party transaction subject to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Doubleview is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25 per cent of the fair market value of Doubleview's market capitalization.

The proceeds from the private placement will be used to pay outstanding indebtedness and general working capital purposes.

About Doubleview Capital Corp.

Doubleview Capital, a mineral resource exploration and development company, is based in Vancouver, B.C., Canada, and is publicly traded on the TSX Venture Exchange. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia, Canada. 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.

We seek Safe Harbor.

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