Doubleview Provides Clarification of recent Supreme Court Ruling
Vancouver, BC / TheNewswire / March 3, 2016 - Doubleview Capital Corp. ("Doubleview") [TSX-V: DBV], [OTC: DBLVF], [GER: 1D4]) is pleased to provide details of the recent Supreme Court of British Columbia decision regarding its application to obtain a pretrial injunction to stop Day, et al. (the "Defendants") from interfering with Doubleview's Hat Project drill program and announces that Doubleview is, as permitted by the Court, filing a renewed Notice of Application. Doubleview's litigation is the result of actions in July, 2015 by defendants that caused suspension of drilling on the Hat Property.
Doubleview established a strong arguable case for inducement of breach of contract and conspiracy by the Defendants (Chad Norman Day, et. al.), and that their element of unlawful conduct could knowingly result in injury to Doubleview. The Court granted Doubleview leave to re-apply for a narrower based injunction that is reflective of the inducement of breach of contract and conspiracy claims but dismissed the broader injunction application against the Defendants.
The Court also sought clarification on the matter of whether or not recommendations for further archaeological studies, from Baseline Archaeological Services ("Baseline"), applied to Doubleview's current drilling program. Doubleview's new application for a narrower injunction includes an affidavit from Baseline's archaeologist that confirms that the recommendations do not apply to the current permitted area of Doubleview's drilling program where archaeological potential is judged to be low.
Doubleview feels strongly that its current application meets the Court's requirements. The Court's denial of a pretrial injunction, contrary to information given in a recent Tahltan Central Government news release, does not dismiss Doubleview's ongoing litigation to obtain a permanent injunction and damages. The Court acknowledged that the defendants "...could be expected to know that injury to Doubleview was likely to result". Litigation is proceeding.
The Supreme Court of British Columbia Reasons for Judgment can be viewed at:
http://www.courts.gov.bc.ca/jdb-txt/sc/16/02/2016BCSC0231.htm
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], [OTC: DBLVF], [GER: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. 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. The Company'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.
409 Granville St., Suite #880
Vancouver, BC V6C 1T2
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.
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