Doubleview closes $104,000 second tranche of financing

Executive Summary

• Doubleview Gold Corp. has closed the second tranche of its non-brokered private placement of flow-through units, raising $104,000.
• The total gross proceeds from the first two tranches now stand at $829,099.70, with associated finder's fees and warrants paid.
• Proceeds are designated for the exploration of the Hat project in British Columbia and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through units.
• Second Tranche Details:
  • Issued 80,000 flow-through units.
  • Price: $1.30 per unit.
  • Gross Proceeds: $104,000.
  • Closing Date: May 2, 2026 (Note: Text says "period of 24 months following the closing date, being May 2, 2026" - this phrasing is ambiguous. Usually, the closing date is the date of issuance. However, later it says "hold period expiring May 2, 2026". If the hold period is 4 months and 1 day, the closing date would be approximately Jan 1, 2026. But the text says "closing date, being May 2, 2026" for the warrant period. Let's look closer: "Each warrant entitles the holder... for a period of 24 months following the closing date, being May 2, 2026." This implies the closing date is May 2, 2026? No, that would make the warrant expire in 2028. It likely means the warrant period ends on May 2, 2026? Or the closing date is a specific date. Let's re-read carefully: "closing date, being May 2, 2026." This is syntactically attached to the warrant period. However, standard flow-through placements usually close shortly after announcement. The text says "Tranche 1... closed on Dec. 22, 2025". The second tranche is "closed" in this release. The hold period expires May 2, 2026. If the hold period is 4 months and 1 day, the closing date was likely early January 2026. The phrase "closing date, being May 2, 2026" is likely a typo in the source text or refers to the warrant expiry. I will report the text as written but note the ambiguity if necessary. Actually, looking at the hold period: "four-month-and-one-day hold period expiring May 2, 2026". This means the closing date was January 1, 2026. The text "closing date, being May 2, 2026" is likely an error in the source text intending to say "warrant expiry date". I will extract the explicit numbers provided.)
  • Correction on Date Extraction: The text explicitly states: "closing date, being May 2, 2026" in the context of the warrant period. However, the hold period expires May 2, 2026, and is 4 months and 1 day long. This implies the securities were issued around Jan 1, 2026. The text is contradictory or poorly phrased. I will stick to the explicit "Gross Proceeds" and "Quantity" which are clear.
• Combined Tranche 1 & 2 Financials:
  • Total Gross Proceeds: $829,099.70.
  • Total Cash Finders' Fees Paid: $27,502.50.
  • Total Finder Warrants Issued: 1,925.
• Finder Fees for Second Tranche:
  • PB Markets Inc. received $25,000 in cash.
• Use of Proceeds:
  • Finance current exploration program on British Columbia projects.
  • Specifically for the polymetallic Hat project in northwestern British Columbia.
  • General working capital.
• Warrant Terms:
  • Each unit includes one common share purchase warrant.
  • Exercise Price: $2.00 per warrant share.
  • Term: 24 months following the closing date (Text states "being May 2, 2026" which is confusing, but the term is 24 months).
• Hold Period:
  • Four months and one day.
  • Expiration Date: May 2, 2026.
• Regulatory Status:
  • Subject to final approval of the TSX Venture Exchange.
  • Company anticipates closing the remaining portion of the private placement in the coming weeks.

Notable Quotes

• None provided in the text.