logo-loader

Doubleview Gold closes third and final tranche of its non-brokered private placement for gross proceeds of $541,000

Published: 06:45 18 Jul 2022 EDT

Doubleview Gold Corp -
The aggregate gross proceeds will be used for contribution and maintenance of Doubeview Gold's exploration work on its projects, particularly for the Hat Project

Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) said it has closed the third and final tranche of its non-brokered flow-through and non-flow-through private placement for gross proceeds of $541,000. 

Combined with the previous two tranches as announced on June 21 and July 05, 2022, the company has raised a total of $3,068,241.20 - $969,991.20 from Flow Through (FT) units and $2,098,250 from Non-Flow Through (NFT) units.

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. The aggregate gross proceeds from the sale of the NFT units will be used for exploration work on its projects, particularly for the Hat Project and for general administrative costs.

READ: Doubleview Gold is the perfect example of how blood, sweat and tears can result in discovery

Under the third tranche, Doubleview will issue a total of 1,890,000 FT units at a price of $0.30 each for total gross proceeds of $411,000. Each FT unit consists of one common share issued as a flow-through common share and one share purchase warrant, with each warrant exercisable for one common share at $0.33 per share for a period of two years from the date of issue.

As part of the third tranche, the company will also issue 520,000 NFT units at a price of $0.25 each for total proceeds of $130,000. Each NFT Unit consists of one common share and one share purchase warrant, each warrant exercisable for an additional common share at $0.31 per share for a period of two years from the date of issue.

In the third tranche a total finder's fee of $28,770 will be paid and 95,900 finders warrants at a price of $0.33 will be issued.

Under the policies of the TSX Venture, all shares issued in this tranche, and any shares issued under the exercise of the warrants, are subject to a hold period expiring November 16, 2022.

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

Doubleview Gold 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 risk.

Contact the author at jon.hopkins@proactiveinvestors.com

Doubleview Gold Corp latest assays shows expansion at South Lisle Zone at...

Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) CEO Farshad Shirvani joined Steve Darling from Proactive to share significant insights from the analyses of three drill holes at the Hat Property, located in the Stikine mining district of northwestern British Columbia. The 2023 drilling program...

on 02/12/2024