Doubleview closes $725,099 first tranche of financing

Executive Summary

• Doubleview Gold Corp. has closed the first tranche of its non-brokered private placement, raising approximately $725,100.
• The tranche consisted of 557,769 flow-through units issued at $1.30 per unit, comprising common shares and flow-through warrants.
• Proceeds are designated for the exploration program on the company's British Columbia projects, specifically the Hat project.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through units.
• Units Issued: 557,769 flow-through units.
• Price Per Unit: $1.30.
• Gross Proceeds: $725,099.70 (rounded to $725,100 in headline).
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Each warrant allows the purchase of one common share on a non-flow-through basis.
  • Exercise Price: $2.00 per warrant share.
  • Duration: 24 months following the closing date (expiring Dec. 23, 2026).
• Use of Proceeds: Financing current exploration programs on British Columbia projects, with a focus on the polymetallic Hat project in northwestern BC.
• Finder’s Fees: Paid to Research Capital Corp., consisting of $2,502.50 in cash and 1,925 non-transferable finder warrants (issued under the same terms as the units).
• Hold Period: Four months and one day, expiring April 23, 2026.
• Regulatory Status: Subject to final approval of the TSX Venture Exchange.
• Future Plans: The company anticipates closing the remaining portion of the private placement in the coming weeks.