Doubleview Gold Corp. Closes First Tranche of $5,700,000 Non-Brokered Private Placement

Executive Summary

• Doubleview Gold Corp. closed the first tranche of its non‑brokered private placement, issuing 8,242,857 units at $0.70 each for gross proceeds of $5,769,999.90.
• The offering size was increased from $5 M to up to $7.25 M, while the flow‑through portion was reduced to $1.5 M.
• Proceeds will fund exploration on the Hat polymetallic project in northwestern BC and general working capital; finders’ fees of $350,000 cash plus 500,000 non‑transferable warrants were also paid.

Key Details

• Units issued: 8,242,857 Non‑Flow‑Through Units (each = 1 common share + 1 warrant).
• Price per unit: $0.70.
• Aggregate gross proceeds: $5,769,999.90.
• Warrant terms: Right to purchase one additional share at $1.00 for 24 months; accelerated expiry if the 10‑day VWAP on TSX.V reaches ≥ $1.25.
• Use of proceeds:
• Fund current exploration program on BC projects, especially the Hat Project.
• General working capital.
• Finders’ fees: $350,000 cash + 500,000 non‑transferable warrants (same terms as units).
• Holding period: Securities subject to a four‑month‑and‑one‑day hold expiring 2026-03-07.
• Remaining placement: Company expects to close the remaining non‑flow‑through and flow‑through portions in the coming weeks, pending TSX Venture Exchange approval.

Notable Quotes

“The strong shareholder response has enabled us to increase our offering size and accelerate funding for the Hat Project, positioning Doubleview for continued growth in critical minerals,” – Farshad Shirvani, President & CEO.