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

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By Accesswire

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.