Doubleview Capital Corp. (TSX-V: DBV) Announces Increase in Non-brokered Private Placement Financing

12/28/2012 [ACCESSWIRE]

Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased to announce that it has increased its previously announced proposed non-brokered private placement from $375,000 (see news release dated December 19, 2012) to $397,622 (the "Offering"). The Offering, which is expected to close by December 31, 2012, will consist of non-flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit and flow-through units (the "FT Units") at a price of $0.05 per FT Unit.

Each NFT Unit is comprised of one common share of Doubleview and one common share purchase warrant ("NFT Warrant"), with each NFT Warrant entitling the holder to purchase one additional non-flow-through common share at $0.10 per share for a period of two years from the date of the issue. Each FT Unit is comprised of one flow-through common share of Doubleview and one common share purchase warrant ("FT Warrant"), with each FT Warrant entitling the holder to purchase one additional non-flow-through common share at $0.15 per share for a period of two years from the date of issue. Doubleview will have the right to accelerate the expiry date of the NFT Warrants and FT Warrants if, at any time, the volume weighted average price of Doubleview's common shares is equal to, or greater than $0.20 for 5 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Doubleview issues a news release announcing that it has elected to exercise this acceleration right.

Subject to TSX Venture Exchange approval, Doubleview may pay a cash finder's fee of up to 10% of the aggregate gross proceeds of the private placement and 10% warrant to registered brokers or pay a cash finder's fee to certain finders of up to 10% of the aggregate gross proceeds of the private placement.

All securities issued pursuant to the private placement will be subject to a four month hold period from the date of issuance. Completion of the private placement is subject to TSX Venture Exchange approval.

The proceeds from the flow-through offering will be used to pay qualifying exploration expenditures on Doubleview's fully permitted Hat Copper Gold Porphyry project in northwestern British Columbia, and the net proceeds of the non-flow-through offering will be used for general working capital purposes and may also be used to fund further exploration work on the Hat Project.

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