Doubleview Capital Corp. (TSX-V: DBV) Announces Proposed Private Placement Financing of Convertible Notes
15 Noviembre 2013 - 5:45PM
Access Wire
Doubleview Capital Corp.
("Doubleview") (TSX-V: DBV) announces a proposed private placement financing of up to
$100,000 of convertible notes (the "Offering"). The convertible
notes to be issued in the Offering will bear interest at a rate of
15%, payable annually, and will mature and be payable one year from
the date of issuance (the "Notes").
The Notes
are convertible at the option of the Company into units ("Units")
of Doubleview at a conversion price equal to the greater of (i)
$0.06 per Unit, or (ii) the volume weighted
average price ("VWAP") of Doubleview's common shares for the 5
trading days immediately preceding the date of the notice of
conversion. Each Unit shall consist of one common share of
Doubleview and one-half of one share purchase warrant of Doubleview
(a "Warrant"). Each whole Warrant will entitle to the holder to
purchase one additional common share of Doubleview at a price equal
to the greater of (i) $0.15 or (ii) a 35% premium above the VWAP of
Doubleview's common shares for the 5 trading days immediately
preceding the date of the notice of conversion, and is exercisable
for a period of two years following the date of
issue.
Doubleview
may elect to settle any accrued and unpaid interest through the
issuance of such number of common shares of Doubleview determined
by dividing the interest accrued by the closing price of
Doubleview's common shares on the TSX Venture Exchange on the last
trading day preceding the interest payment date.
Proceeds of the
Offering will be used to fund Doubleview's exploration program on
the Hat Property as well as for general working capital and
corporate purposes.
Closing of the
proposed Offering is subject to a number of conditions, including
receipt of all necessary corporate and regulatory approvals,
including approval of the TSX Venture Exchange.
About Doubleview Capital
Corp.
Doubleview Capital
Corp. is a Canadian resource exploration and development company
located in Vancouver British Columbia. Doubleview is a publicly
trading company on TSX-Venture Exchange under TSX.V: DBV. Doubleview
identifies, acquires and finances quality precious and base metal
exploration mining projects in North America and more specifically
British Columbia, Canada. Doubleview increases shareholder value
through strategic and quality Gold, Copper, and Silver projects
acquisitions, and through advanced and state of the art exploration
methods in the industry.
Doubleview endeavours
to increase the odds of exploration success and to mitigate
investment risk through diversification. The recent, strategic
property acquisitions have strengthened the Doubleview's property
portfolio of Gold, Silver and Copper exploration
projects.
On behalf of the Board of
Directors,
Farshad Shirvani, President
& Chief Executive Officer
For further
information please contact:
Doubleview Capital
Corp.
Suite 310, 675 West Hastings
Street
Vancouver, BC V6B
1N2
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 ability to complete the proposed private placement
financing, implement its exploration program on the Hat Property,
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.
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