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Doubleview Gold Corp Announces Closing of Final Tranche of Private Placement for Total of $1,873,100

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Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) has closed the final tranche of its non-brokered Private Placement, raising $39,830 in non-flow-through funds. The total gross proceeds reached $1,873,100, comprising $1,051,250 in flow-through funds and $821,850 in non-flow-through funds. The company will issue 104,816 units at $0.38 per unit, each including one common share and one purchase warrant. Additionally, Doubleview announced a new non-brokered private placement of flow-through shares at $0.48 per share, aiming to raise up to $4,000,000. Proceeds will fund exploration work, particularly at the Hat Polymetallic Deposit in northwestern BC.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha concluso l'ultima tranche della sua Offerta Privata non intermedia. Sono stati raccolti $39,830 in fondi non flow-through. I proventi lordi totali hanno raggiunto $1,873,100, di cui $1,051,250 in fondi flow-through e $821,850 in fondi non flow-through. L'azienda emetterà 104,816 unità a $0.38 per unità, ciascuna comprendente un'azione comune e un warrant di acquisto. Inoltre, Doubleview ha annunciato una nuova offerta privata non intermedia di azioni flow-through a $0.48 per azione, con l'obiettivo di raccogliere fino a $4,000,000. I proventi finanzieranno lavori di esplorazione, in particolare presso il Giacimento Polimetallico Hat nel nord-ovest della Columbia Britannica.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha cerrado la última tranche de su Colocación Privada no intermediada, recaudando $39,830 en fondos no flow-through. Los ingresos brutos totales alcanzaron $1,873,100, de los cuales $1,051,250 fueron en fondos flow-through y $821,850 en fondos no flow-through. La empresa emitirá 104,816 unidades a $0.38 por unidad, cada una incluyendo una acción común y una opción de compra. Además, Doubleview anunció una nueva colocación privada no intermediada de acciones flow-through a $0.48 por acción, con el objetivo de recaudar hasta $4,000,000. Los ingresos financiarán trabajos de exploración, especialmente en el Depósito Polimetálico Hat en el noroeste de Columbia Británica.

더블뷰 골드 코프 (TSXV: DBG) (OTCQB: DBLVF)는 비중개 사모 배정의 마지막 트랜치를 마감하고 $39,830의 비유통 자금을 조달했습니다. 총 총 수익은 $1,873,100에 달하며, $1,051,250는 유통 자금이고 $821,850는 비유통 자금입니다. 이 회사는 $0.38에 104,816개 단위를 발행하며, 각 단위는 하나의 일반주식과 하나의 매수 워런트를 포함합니다. 또한, 더블뷰는 $0.48에 유통 주식의 새로운 비중개 사모 배정을 발표했으며, 최대 $4,000,000의 자금을 조달할 계획입니다. 이 자금은 특히 브리티시 컬럼비아 북서부의 해트 다금속 광산에서 탐사 작업을 자금 지원하는 데 사용됩니다.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) a clôturé la dernière tranche de son Placement Privé non intermédiaire, levant $39,830 en fonds non flow-through. Le produit brut total a atteint $1,873,100, comprenant $1,051,250 en fonds flow-through et $821,850 en fonds non flow-through. L'entreprise émettra 104,816 unités à $0.38 par unité, chacune comprenant une action ordinaire et un warrant d'achat. De plus, Doubleview a annoncé un nouveau placement privé non intermédiaire d'actions flow-through à $0.48 par action, visant à lever jusqu'à $4,000,000. Les fonds serviront à financer des travaux d'exploration, en particulier au dépôt Polymétallique Hat dans le nord-ouest de la Colombie-Britannique.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) hat die letzte Tranche seiner nicht vermittelte Privatplatzierung abgeschlossen und $39,830 an nicht durchlaufenden Mitteln gesammelt. Die gesamten Bruttoeinnahmen beliefen sich auf $1,873,100, davon $1,051,250 in durchlaufenden Mitteln und $821,850 in nicht durchlaufenden Mitteln. Das Unternehmen wird 104,816 Einheiten zu $0.38 pro Einheit ausgeben, die jeweils eine Stammaktie und einen Kaufoptionsschein enthalten. Darüber hinaus kündigte Doubleview eine neue nicht vermittelte Privatplatzierung von durchlaufenden Aktien zu $0.48 pro Aktie an, mit dem Ziel, bis zu $4,000,000 zu sammeln. Die Erlöse werden die Explorationsarbeiten finanzieren, insbesondere im Hat Polymetallvorkommen im Nordwesten von British Columbia.

Positive
  • Successfully raised $1.87M through private placement
  • New financing initiative targeting additional $4M through flow-through shares
  • Ongoing drilling activities at Hat Polymetallic Deposit
Negative
  • Dilutive effect of share issuance on existing shareholders

Vancouver, British Columbia--(Newsfile Corp. - November 6, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company or "Doubleview") is pleased to announce that it is closing its final tranche of its non-brokered Private Placement, as originally announced on September 10 and 11, 2024, of non-flow-through funds for gross proceeds of $39,830. To date the Company has raised total gross proceeds of $1,873,100 (total flow-through funds of $1,051,250 and total non-flow-through funds of $821,850).

Under the final tranche, Doubleview will issue a total of 104,816 non-flow-through units (the "Units") at a price of $0.38 per Unit for gross proceeds of $39,830. Each Unit shall consist of one common share of the Company (a "Share") and one common share purchase warrant (each, a "Warrant"). 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 an acceleration period (the "Warrant Acceleration Period") as described in the announcement from October 29, 2024.

No additional flow-through units will be issued under the final tranche. Under this private placement, Doubleview is issuing a total of 1,911,364 flow-through units and 2,162,763 non-flow-through units.

No finder's fees or finder's warrants will be issued for this final tranche.

Proceeds are intended to be used for contributions and maintenance of the Company's exploration work on its BC projects, particularly for the Hat Polymetallic Deposit, located in northwestern BC, where drilling is still ongoing, geological advisory and analytical services as well as other exploration 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 of four months and one day from the date of issuance.

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

New Financing

The Company wishes to announce a non-brokered private placement of flow-through shares of the Company (the "FT Shares") at a price of $0.48 for gross proceeds of up to $4,000,000. Each FT Share of the Company (a "FT Share") qualifies as a "flow-through share" within the meaning of subsection 66(15) the Income Tax Act (Canada) (the "ITA").

About Doubleview Gold Corp

A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.

Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.

About the Hat Polymetallic Deposit

The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024 news release, is summarized below:

TonnageAverage GradeMetal Content
Open Pit Model HatResource CategoryCuEqCuCoAuAgCuEqCuCoAuAg
Mt%%%g/tg/tmillion lbmillion lbmillion lbthousand ozthousand oz
In PitIndicated1500.4080.2210.0080.190.421,353733289292,045
Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575

 

Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.

For further details, please refer to the Company's July 25, 2024 news release.

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/229135

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229144

FAQ

How much did Doubleview Gold Corp (DBLVF) raise in their latest private placement?

Doubleview Gold Corp raised total gross proceeds of $1,873,100, consisting of $1,051,250 in flow-through funds and $821,850 in non-flow-through funds.

What is the price per unit for Doubleview Gold's (DBLVF) new flow-through shares offering?

The new flow-through shares are being offered at $0.48 per share, targeting gross proceeds of up to $4,000,000.

What are the warrant terms for Doubleview Gold's (DBLVF) latest private placement?

Each warrant allows purchase of one common share at $0.48 per share for 6 months, then at $0.55 per share for the following 18 months.

DOUBLEVIEW GOLD CORP

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