Doubleview Gold Corp Announces Non-Brokered Private Placement of Flow-Through Shares at $1.00 per share along with Non-Flow-Through Units

Executive Summary

• Doubleview Gold Corp. announced a non‑brokered private placement for up to C$10 million in gross proceeds.
• The offering consists of up to 5 million flow‑through (FT) shares at C$1.00 each and up to 7,142,857 non‑flow‑through units at C$0.70 each, each unit containing one common share and a warrant exercisable at $1.00 for 24 months.
• Proceeds will fund the company’s current exploration program, primarily the Hat polymetallic project in northwestern British Columbia, covering drilling, geological advisory, analytical services, and other eligible Canadian exploration expenses.

Key Details

• FT Shares: Up to 5,000,000 shares @ C$1.00 per share → maximum C$5 million.
• Non‑FT Units: Up to 7,142,857 units @ C$0.70 per unit → maximum C$5 million.
• Unit Composition: Each unit = 1 common share + 1 full warrant (exercise price $1.00).
• Warrant Terms: Exercisable for 24 months; accelerated expiry if TSXV VWAP ≥ $1.25 for ten consecutive trading days.
• Resale Restrictions: Subject to standard securities law resale limits and a four‑month‑plus‑one‑day hold period on the TSX Venture Exchange.
• Use of Proceeds: Fund exploration work on BC projects, especially drilling, geological advisory, analytical services, and other flow‑through eligible expenses for the Hat Project.
• Finder’s Fees: May be paid in cash and/or finder’s shares per TSXV policy.
• Closing Conditions: Subject to receipt of all required regulatory approvals, including TSX Venture Exchange acceptance.
• Qualified Person: Erik Ostensoe, P.Geo., reviewed and approved the technical disclosure (not independent).

Notable Quotes

• “The private placement will provide essential capital to advance our exploration program at the Hat Project and support broader growth initiatives across our portfolio,” – Farshad Shirvani, President & CEO.