Doubleview Capital Corp. Proposes Extension to Warrant Term
Farshad Shirvani, the Chief Executive Officer and director of the Company, currently owns 1,762,500 of the Warrants, of which 707,500 Warrants were issued in September 2013 and 1,055,000 Warrants were issued in October 2013.
The extension of the expiry date of the Warrants is subject to the acceptance of the TSX Venture Exchange.
Exercise of Option to Acquire Mt. Milligan North Property
Doubleview is pleased to announce that it has entered into an amendment agreement (the "Amendment Agreement") to the property option agreement with 0895277 B.C. Ltd. (the "Optionor"), a company controlled by Mr. Shirvani, whereby Mr. Shirvani has agreed to waive all future exploration expenditures required to be incurred on the Mt. Milligan North Property and, in consideration of which, Doubleview will issue 1,000,000 share purchase warrants to Mr. Shirvani at an exercise price of $0.10 per share for a period of five years from the date of issue.
On closing of the Amendment Agreement, Doubleview will exercise its option and own a 100% interest in the Mt. Milligan North Property, subject to a 2% Net Smelter Return Royalty in favor of the Optionor.
The Amendment Agreement is subject to the approval of the TSX Venture Exchange.
Stock Option Grants
Doubleview announces that it has granted 470,000 stock options to directors, officers, consultants and employees of Doubleview. The options were granted for a period of 5 years, and each stock option will allow the holder to purchase a common share of Doubleview at an exercise price of $0.10.
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.
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 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.
Copyright (c) 2015 TheNewswire - All rights reserved.