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CORRECTION FROM SOURCE: Doubleview Gold Corp Announces Private Placement

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Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) has announced a correction to its private placement pricing. The company aims to raise up to $4,000,000 through a non-brokered private placement of flow-through and non-flow-through units. Flow-through units are priced at $0.55, including one share and half a warrant exercisable at $0.65 for 24 months. Non-flow-through units are priced at $0.38, comprising one share and a full warrant exercisable at $0.48 for 6 months, then $0.55 for 18 months. Proceeds will fund exploration work on BC projects, particularly the polymetallic Hat Project. The offering is subject to regulatory approvals, including TSX Venture Exchange approval.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha annunciato una correzione ai prezzi del suo collocamento privato. L'azienda mira a raccogliere fino a $4,000,000 attraverso un collocamento privato non mediato di unità flow-through e non flow-through. Le unità flow-through sono prezzate a $0.55, includendo un'azione e mezzo warrant esercitabile a $0.65 per 24 mesi. Le unità non flow-through sono prezzate a $0.38, comprendendo un'azione e un warrant completo esercitabile a $0.48 per 6 mesi, quindi $0.55 per 18 mesi. I proventi finanzieranno lavori di esplorazione nei progetti della Columbia Britannica, in particolare il progetto polimetallico Hat. L'offerta è soggetta ad approvazioni regolamentari, compresa l'approvazione della TSX Venture Exchange.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha anunciado una corrección en los precios de su colocación privada. La empresa tiene como objetivo recaudar hasta $4,000,000 a través de una colocación privada no intermediada de unidades flow-through y no flow-through. Las unidades flow-through están valoradas en $0.55, que incluyen una acción y medio warrant ejercitable a $0.65 durante 24 meses. Las unidades no flow-through tienen un precio de $0.38, que constan de una acción y un warrant completo ejercitable a $0.48 durante 6 meses, luego $0.55 durante 18 meses. Los ingresos se destinarán a trabajos de exploración en proyectos en British Columbia, particularmente en el proyecto polimetálico Hat. La oferta está sujeta a aprobaciones regulatorias, incluida la aprobación de la TSX Venture Exchange.

더블뷰 골드 주식회사 (TSXV: DBG) (OTCQB: DBLVF)는 자사 사모 배정 가격 수정사항을 발표했습니다. 회사는 비중개식 사모 배정을 통해 최대 $4,000,000를 모금하는 것을 목표로 하고 있습니다. 흐름 통과 유닛의 가격은 $0.55로, 한 주식과 24개월 동안 $0.65로 행사 가능한 반 워런트가 포함되어 있습니다. 비흐름 통과 유닛은 $0.38에 판매되며, 한 주식과 6개월 동안 $0.48로 행사 가능한 전체 워런트가 포함되어 있으며, 이후 18개월 동안 $0.55입니다. 수익금은 BC 프로젝트, 특히 다소 금속이 혼합된 핫 프로젝트에 대한 탐사 작업을 지원하는 데 사용됩니다. 이 제안은 TSX 벤처 거래소의 승인 등 규제 승인을 받아야 합니다.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) a annoncé une correction de ses prix de placement privé. L'entreprise vise à lever jusqu'à $4,000,000 par le biais d'un placement privé non médié par des unités flow-through et non flow-through. Les unités flow-through sont tarifées à $0.55, incluant une action et un demi-warrant exerçable à $0.65 pendant 24 mois. Les unités non flow-through sont tarifées à $0.38, comprenant une action et un warrant complet exerçable à $0.48 pendant 6 mois, puis à $0.55 pendant 18 mois. Les revenus serviront à financer des travaux d'exploration sur des projets en Colombie-Britannique, en particulier le projet polymétallique Hat. L'offre est soumise à des approbations réglementaires, y compris l'approbation de la TSX Venture Exchange.

Die Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) hat eine Korrektur der Preise ihrer Privatplatzierung bekannt gegeben. Das Unternehmen plant, bis zu $4,000,000 durch eine nicht vermittelte Privatplatzierung von Flow-Through- und Non-Flow-Through-Einheiten zu sammeln. Flow-Through-Einheiten sind zum Preis von $0.55 erhältlich, die eine Aktie und eine halbe Warrant enthalten, die für 24 Monate zu $0.65 ausübbar ist. Non-Flow-Through-Einheiten sind zum Preis von $0.38 erhältlich, die eine Aktie und eine vollständige Warrant enthalten, die für 6 Monate zu $0.48 und danach für 18 Monate zu $0.55 ausgeübt werden kann. Die Erlöse werden verwendet, um Erkundungsarbeiten an Projekten in British Columbia zu finanzieren, insbesondere am polymetallischen Hat-Projekt. Das Angebot unterliegt den Genehmigungen der Aufsichtsbehörden, einschließlich der Genehmigung durch die TSX Venture Exchange.

Positive
  • Raising up to $4,000,000 through private placement
  • Funds to be used for exploration work on BC projects, particularly the Hat Project
  • Warrants provide potential for additional future funding
Negative
  • Potential dilution for existing shareholders due to new share issuance
  • Early termination clause on warrants may limit upside potential for investors

Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company or "Doubleview") would like to amend its earlier announced news release regarding the pricing of its units. The Company is pleased to announce that it is raising flow-through and non-flow-through funds through a non-brokered Private Placement for gross proceeds of up to $4,000,000.

Each flow-through unit (the "FT Unit") consists of one common share of the Company (a "FT Share") and one half of one common share purchase warrant (each, a "Warrant") at a price of $0.55 per FT Unit. Each full Warrant entitles the holder thereof to purchase one common share of the Company (a "Warrant Share") (on a non-"flow-through" basis) at an exercise price of $0.65 per Warrant Share for a period of 24 months following the closing date. The Warrants are subject to early termination if the underlying shares trade at a volume weighted average price equal to or greater than $0.70 for 5 consecutive days in the 24 month period from the date of issuance.

Each Unit shall consist of one common share of the Company (a "Share") and one common share purchase warrant (each, a "Warrant") at a price of $0.38 per Unit. Each Warrant entitles the holder thereof to purchase one common share of the Company (a "Warrant Share") at an exercise price of $0.48 per Warrant Share for a period of 6 months following the closing date and thereafter at an exercise price of $0.55 per Warrant Share for a period of 18 months. The Warrants are subject to early termination if the underlying shares trade at a volume weighted average price equal to or greater than $0.65 for 5 consecutive days in the 24 month period from the date of issuance.

The proceeds of the sale of the shares will be used for contribution and maintenance of the Company's exploration work on its BC projects, particularly for the polymetallic Hat Project, located in northwestern BC. This work includes drilling, geological advisory and analytical services as well as other development work and general working capital purposes.

Pursuant to applicable Canadian securities laws and in accordance with the Exchange policies, all securities issued under this Private Placement will be subject to applicable resale restrictions under applicable securities laws and to the Exchange hold period.

The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (FSE: 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 risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC 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.

Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222834

FAQ

What is the pricing for Doubleview Gold Corp's (DBLVF) flow-through units in the private placement?

Doubleview Gold Corp's flow-through units are priced at $0.55, consisting of one common share and half a warrant exercisable at $0.65 for 24 months.

How much is Doubleview Gold Corp (DBLVF) aiming to raise through this private placement?

Doubleview Gold Corp is aiming to raise up to $4,000,000 through this non-brokered private placement.

What will Doubleview Gold Corp (DBLVF) use the proceeds from the private placement for?

The proceeds will be used for exploration work on Doubleview's BC projects, particularly the polymetallic Hat Project, including drilling, geological advisory, and analytical services.

What is the exercise price for the warrants in Doubleview Gold Corp's (DBLVF) non-flow-through units?

The warrants in the non-flow-through units are exercisable at $0.48 for the first 6 months and then at $0.55 for the following 18 months.

DOUBLEVIEW GOLD CORP

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