Doubleview Closes $100,000 Final Tranche of Placement

 
Doubleview Capital Corp. (TSXV:DBV, OT:DBLVF, GER:A1W038 / 1D4) has closed the final tranche of its non-brokered private placement financing announced on Oct. 26, 2016. Doubleview issued an additional 1.25 million flow-through units at a price of eight cents per FT unit for gross proceeds of $100,000. Under the entire financing, Doubleview has issued a total of 6,635,206 non-flow-through units and 6.55 million FT units.
Each NFT Unit comprises one common share of Doubleview and one common share purchase warrant (a “NFT Warrant”), with each NFT Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issue. Each FT Unit comprises one flow-through common share of Doubleview and one-half of one common share purchase warrant (each whole warrant a “FT Warrant”), with each whole FT Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issue.
In connection with the proceeds raised under the final tranche, Doubleview paid to a finder a cash commission of $7,000 and issued 87,500 share purchase warrants. The finder’s warrants are on the same terms as the NFT Units.
The securities issued under the final tranche will be subject to a hold period expiring on May 1, 2017 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
Doubleview will use the proceeds from the flow-through offering for its exploration program on the Hat Copper-Gold Porphyry Project and non-flow-through offering 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 VENTURE: DBV) (OTC: DBLVF) (GER: A1W038) (FRANKFURT: 1D4). 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.
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