Doubleview Capital Corp. (TSX-V: DBV) Announces Closing of Private Placement Financing

VANCOUVER, BC / ACCESSWIRE / May 29, 2015 / Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to announce it has closed its non-brokered private placement financing of 666,667 units (the “Units”) at a price of $0.15 per Unit for gross proceeds of up to $100,000.

Each Unit consists of one common share of Doubleview and one-half of one common share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to purchase one additional common share at $0.20 per share for a period of two years from the date of issue. Doubleview will have 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.

In connection with the financing, Doubleview paid a finder a fee of $6,000 and issued 40,000 finder’s warrants. Each finder’s warrant is on the same terms as the Warrants.

The securities issued under the financing will be subject to a hold period expiring on September 29, 2015 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.

The proceeds from the private placement will be used for general working capital purposes.

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]. 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.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Capital Corp.
Suite 880, 409 Granville Street
Vancouver, BC V6C 1T2
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

Forward-Looking Statements

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.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Doubleview Capital Corp. 

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