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Doubleview Gold Corp. V.DBG

Alternate Symbol(s):  DBLVF

Doubleview Gold Corp. is a mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. It focuses on acquisition and exploration of quality gold, copper and silver properties and the application of advanced exploration methods. Its projects include Hat Property and Red Spring Copper-Silver-Gold Property. The Company owns a 100% interest in the Hat Property. The Hat Property consists of ten mineral claims totaling 5214 hectares and is 50 kilometers northwest of Telegraph Creek, British Columbia. The property is subject to a 2% Net Smelter Royalty. The Company owns a 90% interest in the Red Spring Copper-Silver-Gold Property, which consists of six mineral claims totaling 4,224.34 ha, located in the Omineca Mining District of British Columbia. The Red Springs Property is subject to a 2.5% Net Smelter Property.


TSXV:DBG - Post by User

Bullboard Posts
Comment by SirHumpsAloton Feb 03, 2017 9:39am
50 Views
Post# 25794278

RE:RE:RE:RE:RE:News

RE:RE:RE:RE:RE:News Your facts are wrong. This was NOT a PP. It was a convertable debenture. (Yes I know Farshad used PP in the release but he was wrong to call it a PP) Nothing filled at 10 cents. They have the option to CONVERT at 10 cent and they will do that down the road if the loan is not repaid and the stock price is higher than 10 cents. They will not convert if the stock price is under 10 cents.

The fact remains that the last PP for 1.7 million at 8 cents NEVER FILLED! They raise about 800K plus finders fees. They were short 1 million wh why they were forced to seek alternative funds in the form of a debenture.

Debenture financing can fill a void but it is the worst form of financing for a junior with no cash flow.

Please stick to the facts. If you don;t understand the facts ask questons.

Debenture = loan
PP = share offering

lancemanion1974 wrote: Reguardless Sir H. The fact remains, PP filled in 3 days at 10 cents..  I do believe we have set a baseline.



Bullboard Posts