Doubleview Capital Corp.

July 08, 2011 19:40 ET

Doubleview Capital Corp. Completes Non-Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2011) - DOUBLEVIEW CAPITAL CORP. ("Doubleview") (TSX VENTURE:DBV.P), a capital pool company, is pleased to announce that it has closed its flow-through private placement by issuing 1,090,711 flow-through shares at a price of $0.18 per share for total proceeds of $196,328.

In connection with the proceeds raised in this private placement, Doubleview paid finders a cash commission in the aggregate of $15,706 and issued finders an aggregate of 65,442 non-transferable warrants. Each finder's warrant is exercisable at a price of $0.25 per share and expires on July 7, 2013.

The securities issued under the private placement will be subject to a hold period expiring on November 8, 2011 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.

Proceeds of the private placement will be used to fund the proposed exploration program on the Mount Milligan North Property, which is the subject of the Qualifying Transaction.

Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange final acceptance. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the information circular, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool corporation should be considered highly speculative.

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.

Contact Information

  • Doubleview Capital Corp.
    Farshad Shirvani
    Chief Executive Officer and President
    (604) 689-9523