Doubleview Gold Corp Announces Non-Brokered Private Placement of Flow-Through Units

Executive Summary

• Doubleview Gold Corp. announced a non‑brokered private placement of up to 1,538,462 flow‑through units for gross proceeds of approximately C$2 million.
• Each unit is priced at $1.30 and consists of one common share plus one warrant to purchase an additional share at $2.00 for 24 months.
• Proceeds will fund the company’s current exploration program, primarily drilling and related work on the Hat Project in northwestern British Columbia.

Key Details

• Offering size: Up to C$2,000,000 (≈ 1,538,462 FT Units).
• Unit price: $1.30 per flow‑through unit.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Warrant terms: Right to buy one additional common share at $2.00 per share; exercisable for 24 months after the closing date.
• Use of proceeds: Exploration expenses on BC projects, especially drilling, geological advisory, analytical services, and other qualifying “Canadian exploration expenses” for the Hat Project.
• Resale restrictions: Subject to TSX‑Venture Exchange hold period of four months and one day; additional resale limits per Canadian securities laws.
• Finder’s fees: May be paid in cash and/or finder’s shares pursuant to TSXV policies.
• Closing conditions: Completion pending receipt of all required regulatory approvals, including TSX‑Venture Exchange acceptance.

Notable Quotes

• “The proceeds from this private placement will enable us to advance our exploration program on the Hat Project and continue building value for our shareholders,” – Farshad Shirvani, President & CEO.