Doubleview Capital Corp. Announces Exercise of Warrants for Proceeds of $212,794 and Implementation of Drill Programadmin
Vancouver, B.C. / ACCESSWIRE / March 11, 2014 / Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) announces that 2,065,440 previously issued share purchase warrants (the “Warrants”) were exercised for gross proceeds of $212,794. Of the Warrants exercised, 1,940,440 Warrants were exercised at a price of $0.10 per share by Farshad Shirvani, Doubleview’s Chief Executive Officer and a director, and 125,000 Warrants were exercised at a price of $0.15 per share. The Warrants were issued in non-brokered private placement financings in December 2012 and May 2013.
Following the exercise of the Warrants, a total of 6,902,106 share purchase warrants for gross proceeds of $869,294 have been exercised since the beginning of February 2014.
Implementation of Drill Program
Doubleview is pleased to announce that it is currently assembling its field crew and materials that will be moved to the Hat Property immediately. They will prepare the camp and drill sites in anticipation of the resumption of diamond drilling as soon as weather conditions permit. The Company is finalizing arrangements with various contractors that will be supporting the 2014 program and will be awarding contracts when the selection process is completed.
Doubleview’s plans for the 2014 season include further definition of the Anomaly B “Discovery” zone of copper-gold alkalic porphyry-type mineralization that was disclosed in mid-January. The program will drill test several of the identified geophysical and geochemical anomalies that have characteristics similar to those exhibited by the Discovery zone. It is anticipated that the 2014 program will include 10 or more drill holes with total length in excess of 6000 metres.
Erik A. Ostensoe, P. Geo, a consulting geologist, is Doubleview’s Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, with respect to the Hat Project and has reviewed and approved the technical disclosure of this news release. Mr. Ostensoe is not independent of Doubleview as he is a shareholder and is a co-optionor of the Hat Project.
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.
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 results of Doubleview’s drill 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.
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
President & CEO
T: (604) 678-9587
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.
Posted: March 11th, 2014 under ACCESSWIRE.