Doubleview Capital Corp. Announces Exercise of Warrants for Proceeds of $212,794 and Implementation of Drill Program
11 March 2014 - 11:59PM
Access Wire
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.
Forward-looking
Information
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
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
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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