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Doubleview Gold Corp Announces Closing of First Tranche of Private Placement

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Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) has announced the closing of the first tranche of its non-brokered Private Placement, raising gross proceeds of $1,416,970. The company issued 1,821,182 flow-through units at $0.55 per unit and 1,092,947 non-flow-through units at $0.38 per unit. Each flow-through unit includes one common share and a half warrant, while each non-flow-through unit consists of one common share and a full warrant. The proceeds will be used for exploration work on Doubleview's BC projects, particularly the polymetallic Hat Project in northwestern BC, including drilling, geological advisory, and analytical services.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha annunciato la chiusura della prima tranche del suo collocamento privato non intermediato, raccogliendo un totale di $1,416,970. L'azienda ha emesso 1,821,182 unità flow-through a $0.55 per unità e 1,092,947 unità non flow-through a $0.38 per unità. Ogni unità flow-through comprende una azione comune e mezzo warrant, mentre ogni unità non flow-through consiste in un'azione comune e un warrant intero. I proventi saranno utilizzati per lavori di esplorazione sui progetti di Doubleview in BC, in particolare il progetto polimetallico Hat nel nord-ovest della BC, che include perforazioni, consulenze geologiche e servizi analitici.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha anunciado el cierre de la primera tranche de su colocación privada no intermediada, recaudando un total bruto de $1,416,970. La compañía emitió 1,821,182 unidades flow-through a $0.55 por unidad y 1,092,947 unidades no flow-through a $0.38 por unidad. Cada unidad flow-through incluye una acción común y medio warrant, mientras que cada unidad no flow-through consiste en una acción común y un warrant completo. Los ingresos se utilizarán para trabajos de exploración en los proyectos de Doubleview en BC, particularmente en el proyecto polimetálico Hat en el noroeste de BC, que incluye perforaciones, asesoría geológica y servicios analíticos.

더블뷰 골드 코프 (TSXV: DBG) (OTCQB: DBLVF)는 비중개 프라이빗 플레이스먼트의 첫 번째 분할이 완료되었음을 발표하며 총 $1,416,970의 자금을 모금했습니다. 회사는 1,821,182개의 흐름 단위를 단가 $0.55에 발행하고 1,092,947개의 비흐름 단위를 단가 $0.38에 발행했습니다. 각 흐름 단위에는 하나의 보통주와 반 개의 워런트가 포함되며, 각 비흐름 단위는 하나의 보통주와 완전한 워런트로 구성됩니다. 이 자금은 더블뷰의 BC 프로젝트, 특히 북서 BC의 폴리메탈릭 햇 프로젝트에 대한 탐사 작업에 사용될 것입니다. 여기에는 시추, 지질 상담 및 분석 서비스가 포함됩니다.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) a annoncé la clôture de la première tranche de son placement privé non syndiqué, récoltant un montant brut de $1,416,970. La société a émis 1,821,182 unités flow-through à 0,55 $ par unité et 1,092,947 unités non flow-through à 0,38 $ par unité. Chaque unité flow-through comprend une action ordinaire et un demi-warrant, tandis que chaque unité non flow-through est composée d'une action ordinaire et d'un warrant complet. Les fonds seront utilisés pour des travaux d'exploration sur les projets de BC de Doubleview, en particulier le projet polymétallique Hat dans le nord-ouest de la Colombie-Britannique, y compris le forage, des conseils géologiques et des services analytiques.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) hat den Abschluss der ersten Tranche ihrer nicht-brokerierten Privatplatzierung bekannt gegeben, bei der Einnahmen in Höhe von $1,416,970 erzielt wurden. Das Unternehmen gab 1,821,182 Flow-Through-Einheiten zu einem Preis von $0.55 pro Einheit und 1,092,947 Nicht-Flow-Through-Einheiten zu einem Preis von $0.38 pro Einheit aus. Jede Flow-Through-Einheit umfasst eine Stammaktie und eine halbe Warrant, während jede Nicht-Flow-Through-Einheit aus einer Stammaktie und einer vollen Warrant besteht. Die Einnahmen werden für Explorationsarbeiten an den BC-Projekten von Doubleview verwendet, insbesondere für das polymetallische Hat-Projekt im Nordwesten von BC, einschließlich Bohrungen, geologischer Beratung und analytischen Dienstleistungen.

Positive
  • Raised $1,416,970 in gross proceeds through private placement
  • No finder's fees paid, maximizing capital for exploration
  • Funds allocated for exploration work on BC projects, particularly the Hat Project
  • Warrants included in the offering provide potential for additional future funding
Negative
  • Dilution of existing shareholders due to issuance of new shares
  • Short-term exercise period (6 months) for non-flow-through unit warrants may create selling pressure

Vancouver, British Columbia--(Newsfile Corp. - September 11, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company or "Doubleview") is pleased to announce that it is closing the first tranche of its non-brokered Private Placement of flow-through and non-flow-through funds for gross proceeds of $ 1,416,970.

Under the first tranche Doubleview will issue a total of 1,821,182 flow-through units (the "FT Units") at a price of $0.55 per FT Unit for gross proceeds of $1,001,650. 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"). 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 (five) consecutive days in the 24 month period from the date of issuance.

Additionally, Doubleview will issue a total of 1,092,947 units (the "Units") at a price of $0.38 per Unit for gross proceeds of $ 415,320. 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 early termination if the underlying shares trade at a volume weighted average price equal to or greater than $0.65 for 5 (five) consecutive days in the 24 month period from the date of issuance.

For this first tranche, the Company did not pay any finder's fees nor issued any finder's warrants.

The proceeds of the sale of the shares are intended to be used for contributions 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 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.

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/222976

FAQ

How much did Doubleview Gold Corp (DBLVF) raise in the first tranche of its private placement?

Doubleview Gold Corp (DBLVF) raised gross proceeds of $1,416,970 in the first tranche of its private placement.

What is the price per unit for the flow-through and non-flow-through units issued by Doubleview Gold Corp (DBLVF)?

Doubleview Gold Corp (DBLVF) issued flow-through units at $0.55 per unit and non-flow-through units at $0.38 per unit.

What is the main purpose of the funds raised by Doubleview Gold Corp (DBLVF) in this private placement?

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

What are the warrant terms for the units issued by Doubleview Gold Corp (DBLVF) in this private placement?

Flow-through unit warrants are exercisable at $0.65 for 24 months. Non-flow-through unit warrants are exercisable at $0.48 for 6 months, then at $0.55 for 18 months. Both are subject to early termination conditions.

DOUBLEVIEW GOLD CORP

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