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Doubleview Gold Corp Announces Extension of Private Placement

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Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) has announced an extension for its previously announced non-brokered private placement, aiming to raise up to $4,000,000. The company is offering both flow-through (FT) and non-flow-through (NFT) units. FT Units are priced at $0.55 each, comprising one common share and half a warrant, with full warrants exercisable at $0.65 for 24 months. NFT Units include one common share and a full warrant, exercisable at $0.48 for 6 months, then at $0.55 for 18 months.

Doubleview has already closed the first tranche, raising $1,416,970 through 821,182 FT units and 1,092,947 NFT units. Proceeds will fund exploration work on BC projects, particularly the polymetallic Hat Project, and general corporate purposes. The private placement is subject to TSX Venture Exchange approval, with securities subject to a four-month hold period.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha annunciato un'estensione per il suo collocamento privato non mediato precedentemente annunciato, con l'obiettivo di raccogliere fino a $4.000.000. L'azienda offre sia unità a flusso (FT) che unità non a flusso (NFT). Le unità FT hanno un prezzo di $0,55 ciascuna, comprendenti un'azione comune e mezzo warrant, con warrant completi esercitabili a $0,65 per 24 mesi. Le unità NFT includono un'azione comune e un warrant completo, esercitabile a $0,48 per 6 mesi, quindi a $0,55 per 18 mesi.

Doubleview ha già completato la prima tranche, raccogliendo $1.416.970 attraverso 821.182 unità FT e 1.092.947 unità NFT. I proventi finanzieranno attività di esplorazione sui progetti in BC, in particolare il progetto polimetallico Hat, e scopi aziendali generali. Il collocamento privato è soggetto all'approvazione della TSX Venture Exchange, con i titoli soggetti a un periodo di blocco di quattro mesi.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha anunciado una extensión para su colocación privada no mediada previamente anunciada, con el objetivo de recaudar hasta $4,000,000. La empresa está ofreciendo tanto unidades con flujo (FT) como unidades sin flujo (NFT). Las unidades FT están valoradas en $0.55 cada una, que comprenden una acción común y medio warrant, con warrants completos ejercitables a $0.65 por 24 meses. Las unidades NFT incluyen una acción común y un warrant completo, ejercitable a $0.48 por 6 meses, y luego a $0.55 por 18 meses.

Doubleview ya ha cerrado la primera tranche, recaudando $1,416,970 a través de 821,182 unidades FT y 1,092,947 unidades NFT. Los ingresos financiarán trabajos de exploración en proyectos en BC, en particular el proyecto polimetálico Hat, y propósitos corporativos generales. La colocación privada está sujeta a la aprobación de la TSX Venture Exchange, con valores sujetos a un período de retención de cuatro meses.

더블뷰 골드 코퍼레이션 (TSXV: DBG) (OTCQB: DBLVF)은 이전에 발표한 비중개 사모 배급의 연장을 발표했으며, 최대 $4,000,000를 모금할 계획입니다. 이 회사는 유동(W)과 비유동(N) 단위를 모두 제공합니다. W 단위는 각각 $0.55의 가격으로, 하나의 보통주와 반 개의 워런트로 구성되어 있으며, 전체 워런트는 24개월 동안 $0.65에 행사 가능합니다. N 단위는 하나의 보통주와 전체 워런트를 포함하며, 6개월 동안 $0.48에 행사 가능하고, 이후 18개월 동안 $0.55에 행사 가능합입니다.

더블뷰는 이미 첫 번째 트랜치를 종료했으며, 821,182개의 W 단위와 1,092,947개의 N 단위를 통해 $1,416,970을 모금했습니다. 수익금은 BC 프로젝트, 특히 다금속 Hat 프로젝트의 탐사 작업과 일반 기업 목적에 사용될 것입니다. 이 사모 배급은 TSX 벤처 교환의 승인을 받아야 하며, 증권은 4개월의 보유 기간에 해당됩니다.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) a annoncé une extension de son placement privé non médié par un courtier, visant à lever jusqu'à $4,000,000. L'entreprise propose à la fois des unités à impact fiscal (FT) et des unités sans impact fiscal (NFT). Les unités FT sont proposées à $0,55 chacune, comprenant une action ordinaire et un demi-warrant, avec des warrants complets pouvant être exercés à $0,65 pendant 24 mois. Les unités NFT comprennent une action ordinaire et un warrant complet, exerçable à $0,48 pendant 6 mois, puis à $0,55 pendant 18 mois.

Doubleview a déjà clôturé la première tranche, levant $1,416,970 par le biais de 821,182 unités FT et 1,092,947 unités NFT. Les produits serviront à financer des travaux d'exploration sur des projets en Colombie-Britannique, en particulier le projet polymétallique Hat, ainsi que des fins corporatives générales. Le placement privé est soumis à l'approbation de la TSX Venture Exchange, les titres étant soumis à une période de blocage de quatre mois.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) hat eine Verlängerung für seine zuvor angekündigte nicht vermittelte Privatplatzierung bekannt gegeben, die darauf abzielt, bis zu $4.000.000 zu sammeln. Das Unternehmen bietet sowohl Flussdurchlauf-(FT) als auch Nicht-Flussdurchlauf-(NFT) Einheiten an. FT Einheiten haben einen Preis von $0,55 pro Einheit, bestehend aus einer Stammaktie und einem halben Warrant, wobei volle Warrants für $0,65 über einen Zeitraum von 24 Monaten ausgeübt werden können. NFT Einheiten beinhalten eine Stammaktie und einen vollständigen Warrant, der für 6 Monate zu $0,48 und danach für 18 Monate zu $0,55 ausgeführt werden kann.

Doubleview hat bereits die erste Tranche abgeschlossen und $1.416.970 durch 821.182 FT Einheiten und 1.092.947 NFT Einheiten gesammelt. Die Einnahmen werden zur Finanzierung von Erkundungsarbeiten an Projekten in BC, insbesondere dem polymetallischen Hat Projekt, sowie für allgemeine Unternehmenszwecke verwendet. Die Privatplatzierung unterliegt der Genehmigung der TSX Venture Exchange, wobei die Wertpapiere einer viermonatigen Haltperiode unterliegen.

Positive
  • Successful closing of first tranche raising $1,416,970
  • Potential to raise up to $4,000,000 through the private placement
  • Funds allocated for exploration work, particularly on the polymetallic Hat Project
Negative
  • Dilution of existing shareholders due to issuance of new shares and warrants
  • Extended fundraising period may indicate challenges in attracting investors

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company or "Doubleview") is pleased to announce that it has been granted an extension to complete its previously announced (September 10 and 11, 2024) non-brokered private placement for total gross proceeds of up to $4,000,000 (the "Private Placement"). The Company is offering flow-through and non-flow-through Units.

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 non-flow-through unit (the "NFT Unit") consists of one common share of the Company (a "NFT 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 also subject to an acceleration period.

The Company closed the first tranche of the Private Placement consisting of 821,182 flow-through units and 1,092,947 non-flow-through units in connection with the Private Placement for gross proceeds of $ 1,416,970.

The net proceeds from the Private Placement will 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, as well as general corporate and working capital purposes. The Common Shares and Warrants issued pursuant to the Private Placement will be subject to a four month hold period required under applicable securities laws. The Private Placement is subject to acceptance by the TSX Venture Exchange.

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), (GER: A1W038), 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:

Average GradeMetal Content
Open Pit Model HatResource CategoryTonnageCuEqCuCoAuAgCuEqCuCoAuAg
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

Institutional Investor Line: (604) 607-5470

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/225328

FAQ

What is the purpose of Doubleview Gold Corp's (DBLVF) private placement extension?

The extension allows Doubleview Gold Corp to complete its previously announced non-brokered private placement to raise up to $4,000,000 for exploration work on BC projects, particularly the Hat Project, and for general corporate purposes.

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

Doubleview Gold Corp has raised $1,416,970 in the first tranche of its private placement through the issuance of 821,182 flow-through units and 1,092,947 non-flow-through units.

What are the terms of the flow-through units offered by Doubleview Gold Corp (DBLVF)?

Flow-through units are priced at $0.55 each, consisting of one common share and half a warrant. Each full warrant is exercisable at $0.65 for a 24-month period, subject to early termination conditions.

How long is the hold period for securities issued in Doubleview Gold Corp's (DBLVF) private placement?

The common shares and warrants issued in Doubleview Gold Corp's private placement are subject to a four-month hold period as required under applicable securities laws.

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