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Doubleview Gold closes second and final tranche of its non-brokered flow-through private placement for gross proceeds of $170,050.30

Published: 09:25 29 Dec 2022 EST

Money bags
Combined with the previous tranche, as announced on December 16, 2022, Doubleview Gold has raised a total of $1,515,049.90 in flow-through funds

Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) said it has closed the second and final tranche of its non-brokered flow-through private placement for gross proceeds of $170,050.30.

Combined with the previous tranche, as announced on December 16, 2022, the company has raised a total of $1,515,049.90 in flow-through funds.

Under the second tranche, Doubleview will issue a total of 242,929 flow-through (FT) units at a price of $0.70 each for total gross proceeds of $170,050.30. Each FT unit consists of one common share issued as a flow-through common share and one-half of one common share purchase warrant, with each full warrant exercisable for one common share of the corporation for two years at a price of $0.80 per share for a period of six months from the date of issue and thereafter at a price of $1.20 per share for a period of 18 months.

READ: Doubleview Gold updates on maiden resource estimate at Hat project in British Columbia

The aggregate gross proceeds of the sale of the FT units will be used for contribution and maintenance of the company's exploration work on its projects, particularly for the Hat Project.

Under the policies of the TSX Venture, all shares issued in this private placement, and any shares issued under the exercise of the warrants, are subject to a hold period expiring April 29, 2023.

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.

Doubleview Gold a mineral resource exploration and development company, is based in Vancouver. The company identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia.

Contact the author at jon.hopkins@proactiveinvestors.com

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