Doubleview Announces Closing of Upsized Flow-Through Private Placement

Doubleview Gold Corp. (DBG) has closed the first tranche of its previously announced non-brokered flow-through private placement. The company raised gross proceeds totaling $3,234,998, having upsized the offering from an initial target of $3.2 million to $3.7 million in response to strong investor demand.

Units in the offering were priced at $2.20 each, with each unit comprising one flow-through common share and one-half of a common share purchase warrant. The warrants carry a $3.00 exercise price and expire on November 5, 2028.

The proceeds are designated for eligible Canadian exploration expenses (CEE) on mineral exploration properties in British Columbia. Finder’s fees for the transaction include $50,000 in cash and 22,727 non-transferable warrants. Securities issued in the offering are subject to a statutory four-month-and-one-day hold period, which expires on March 6, 2027. The company noted that it may complete the offering in one or more additional tranches.

Doubleview Gold Corp. (DBG) has secured financing to provide immediate working capital and exploration funding, directly supporting the advancement of the Hat project toward a Pre-Feasibility Study. The offering was upsized with an issue price of $2.20, which trades at a significant premium to the recent market price of approximately $1.32, signaling strong institutional and retail confidence in the project's fundamentals. This premium pricing mitigates dilution impact compared to a market-priced offering and validates the strategic narrative around critical minerals and the Hat project's resource scale. The flow-through structure offers immediate tax deductions to Canadian investors, enhancing placement attractiveness without requiring equity discounts. This execution aligns with management's stated need to fund the next 12 months of planned work and supports the ongoing formal strategic review process.

Doubleview Gold Corp. (DBG) is a 100%-owned exploration-stage company focused on the Hat polymetallic project located in northwestern British Columbia's Golden Triangle. The flagship project hosts a robust mineral resource base, with 609 million tonnes of Measured and Indicated resources grading 0.43% copper equivalent, and 503 million tonnes of Inferred resources. The deposit is polymetallic, containing significant copper, gold, silver, cobalt, and scandium.

A Preliminary Economic Assessment (PEA) outlines a 25-year mine life with an after-tax NPV(5%) of C$6.73 billion at consensus metal prices and an IRR of 23%. The company is advancing technical studies, including metallurgical optimization and environmental baseline work, to support a Pre-Feasibility Study targeted for H1 2028.