Doubleview Gold Corp Closes Flow-Through Financing

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Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) has closed a non-brokered flow-through private placement for gross proceeds of $1,501,401. The company will issue 2,144,858 flow-through shares at a price of $0.70 per share for the exploration work on its projects, particularly for the polymetallic Hat Project located in northwestern BC. The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2023) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (WKN: A1W038) (the "Company or "Doubleview") is pleased to announce that it has closed a non-brokered flow-through private placement for gross proceeds of $1,501,401.

Doubleview will issue a total of 2,144,858 flow-through shares ('FT shares') at a price of $0.70 per share for total gross proceeds of $1,501,400.6. The aggregate gross proceeds of the sale of the FT shares will be used for contribution and maintenance of the Company's exploration work on its projects, particularly for the polymetallic Hat Project. The Hat Project is located in northwestern BC and has been developed by more than 30,000 meters of drilling, more than 10,000 meters were drilled during the past season, a 3D IP survey and other geological work. The Company plans to continue its exploration work.

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.

No Finder's Fee will be paid or Finders Warrants will be issued.

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], [GER: A1W038], [Frankfurt: 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/189930

FAQ

What is the recent announcement from Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF)?

Doubleview Gold Corp. has closed a non-brokered flow-through private placement for gross proceeds of $1,501,401.

How many flow-through shares will Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) issue and at what price?

Doubleview Gold Corp. will issue 2,144,858 flow-through shares at a price of $0.70 per share for the exploration work on its projects.

What project will the proceeds from the private placement be used for by Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF)?

The proceeds will be used for the contribution and maintenance of the Company's exploration work, particularly for the polymetallic Hat Project located in northwestern BC.

What are the regulatory approvals required for the closing of the Offering by Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF)?

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