The first tranche consisted of the issuance of 557,769 Flow Through Units at a price of $1.30 per Unit for total gross proceeds of $725,099.70. Each FT unit will consist of one ordinary share of the Company (a “FT share“) and one ordinary warrant for the purchase of shares (each a “Deposit“) (each of which qualifies as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “ITA”). Each 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 $2.00 per Warrant Share for a period of 24 months after the Closing Date being December 23, 2026.
Proceeds from the first tranche will be used to fund the current exploration program for the company’s BC projects, specifically the Polymetallic Hat Project in northwestern BC. In connection with the closing of the first tranche, the Company will pay finder’s fees to Research Capital Corporation. These considerations include $2,502.50 in cash and 1,925 non-transferable Finders warrants issued on the same terms as the Units listed above.
All securities issued under the First Tranche are subject to a four-month, one-day holding period expiring on April 23, 2026, in accordance with applicable securities laws.
The private placement is subject to final approval of the TSX Venture Exchange. The company expects to close the remainder of the private placement in the coming weeks.
About Doubleview Gold Corp
A mineral resource exploration and development company headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX Venture Exchange (TSXV: DBG,OTC:DBLVF) (OTCQB: DBLVF) (WKN: A1W038) And (FSE: 1D4). Doubleview focuses on identifying, acquiring and financing precious and base metals exploration projects in 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 – using advanced exploration techniques.
Doubleview’s success is deeply rooted in the continued support of its long-term shareholders, supporters and institutional investors. Their continued commitment has been instrumental in advancing the company’s strategic initiatives. Doubleview looks forward to further joint 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.
On behalf of the Board of Directors,
Farshad Shirvani, President and CEO
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 SUITABILITY OR ACCURACY OF THIS RELEASE.
The information contained herein contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements relate to information that is based on management’s assumptions, predictions of future results and estimates of amounts that cannot yet be determined. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this press release, including but not limited to: the size of the Private Placement and other statements relating to the Private Placement; the expected use of the proceeds of the Private Placement; the surrender of the buyers of FT shares and the timing thereof; the tax treatment of the FT shares and the Company’s plans to explore its mineral exploration properties; expected results from geophysical drilling programs, geological interpretations and potential mineral extraction. Any statement that involves discussions regarding predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using expressions such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “predicts”, “estimates”, “believes” or “intends” or variations of such words and phrases, or states that certain actions, events or results “may” or “would”, “could”, “could” or “will” be believed to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
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