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Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) announces the closing of its second tranche of non-brokered Private Placement, raising $416,300, bringing total gross proceeds to $1,833,270. The company issued 90,182 flow-through units at $0.55 per unit and 965,000 non-flow-through units at $0.38 per unit. The total placement includes 1,911,364 flow-through units and 2,057,947 non-flow-through units. Proceeds will fund exploration work on BC projects, particularly the polymetallic Hat Project, geological services, and working capital. The company will pay $3,705 in finder’s fees and issue 9,750 finder’s warrants.
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) annuncia la chiusura della sua seconda tranche di Private Placement non intermediato, raccogliendo $416,300, portando il totale dei proventi lordi a $1,833,270. L’azienda ha emesso 90,182 unità flow-through a $0.55 per unità e 965,000 unità non flow-through a $0.38 per unità. Il posizionamento totale include 1,911,364 unità flow-through e 2,057,947 unità non flow-through. I proventi finanzieranno i lavori di esplorazione sui progetti in BC, in particolare il progetto polimetallico Hat, servizi geologici e capitale operativo. L’azienda pagherà $3,705 in commissioni per il finder e emetterà 9,750 warrant per il finder.
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) anuncia el cierre de su segunda tranche de colocación privada no intermediada, recaudando $416,300, lo que lleva el total de ingresos brutos a $1,833,270. La compañía emitió 90,182 unidades flow-through a $0.55 por unidad y 965,000 unidades no flow-through a $0.38 por unidad. La colocación total incluye 1,911,364 unidades flow-through y 2,057,947 unidades no flow-through. Los ingresos financiarán trabajos de exploración en proyectos en BC, particularmente el Proyecto Hat polimetálico, servicios geológicos y capital de trabajo. La compañía pagará $3,705 en honorarios de intermediación y emitirá 9,750 warrants para el intermediario.
더블뷰 골드 코퍼레이션 (TSXV: DBG) (OTCQB: DBLVF)는 비중개 방식의 두 번째 사모 배정 마감 소식을 전하며 $416,300을 모집했으며, 총 총수익이 $1,833,270에 달합니다. 회사는 유닛당 $0.55의 가격으로 90,182개의 플로우스루 유닛과 유닛당 $0.38의 가격으로 965,000개의 비플로우스루 유닛을 발행했습니다. 총 배정에는 1,911,364개의 플로우스루 유닛과 2,057,947개의 비플로우스루 유닛이 포함됩니다. 수익금은 BC 프로젝트에 대한 탐사 작업, 특히 다금속 해트 프로젝트, 지질 서비스 및 운영 자본에 사용될 것입니다. 회사는 중개인 수수료로 $3,705를 지급하고 9,750개의 중개인 워런트를 발행할 예정입니다.
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) annonce la clôture de sa deuxième tranche de placement privé non intermédiaire, ayant levé $416,300, ce qui porte le total des produits bruts à $1,833,270. La société a émis 90,182 unités en flow-through à $0.55 par unité et 965,000 unités hors flow-through à $0.38 par unité. Le placement total comprend 1,911,364 unités en flow-through et 2,057,947 unités hors flow-through. Les produits financeront des travaux d’exploration sur des projets en Colombie-Britannique, en particulier le Projet polymétallique Hat, les services géologiques et le fonds de roulement. La société paiera $3,705 en frais de recherche et émettra 9,750 bons de souscription pour le chercheur.
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) gibt den Abschluss seiner zweiten Tranche der nicht vermittelte Privatplatzierung bekannt, bei der $416,300 gesammelt wurden, was den gesamten Bruttoertrag auf $1,833,270 bringt. Das Unternehmen hat 90,182 Flow-Through-Einheiten zu $0.55 pro Einheit und 965,000 Nicht-Flow-Through-Einheiten zu $0.38 pro Einheit ausgegeben. Die gesamte Platzierung umfasst 1,911,364 Flow-Through-Einheiten und 2,057,947 Nicht-Flow-Through-Einheiten. Die Einnahmen werden zur Finanzierung von Erkundungsarbeiten an Projekten in BC verwendet, insbesondere für das polymetallische Hat-Projekt, geologische Dienstleistungen und Betriebskapital. Das Unternehmen wird $3,705 an Vermittlungsgebühren zahlen und 9,750 Vermittlungswarrant ausgeben.
Positive
- Successfully raised $1.83M in total gross proceeds
- Ongoing drilling activities at Hat Project indicate operational progress
- Secured additional working capital for exploration and development
Negative
- Potential dilution for existing shareholders due to new share issuance
- Warrants subject to early termination could lead to additional dilution
Vancouver, British Columbia–(Newsfile Corp. – October 29, 2024) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company or “Doubleview”) is pleased to announce that it is closing its second tranche of its non-brokered Private Placement, as originally announced on September 10 and 11, 2024, of flow-through and non-flow-through funds for gross proceeds of $416,300. To date the Company has raised total gross proceeds of $1,833,270 (total flow-through funds of $1,051,250 and total non-flow-through funds of $782,020).
Under the second tranche Doubleview will issue a total of 90,182 flow-through units (the “FT Units”) at a price of $0.55 per FT Unit for gross proceeds of $49,600. Each flow-through unit (the “FT Unit“) consists of one common share of the Company (a “FT Share“) and one half of one common share purchase warrant (each, a “Warrant“). Each full Warrant entitles the holder thereof to purchase one common share of the Company (a “Warrant Share“) (on a non-“flow-through” basis) at an exercise price of $0.65 per Warrant Share for a period of 24 months following the closing date. The Warrants are subject to early termination if the underlying shares trade at a volume weighted average price equal to or greater than $0.70 for 5 (five) consecutive days in the 24 month period from the date of issuance.
Additionally, Doubleview will issue a total of 965,000 non-flow-through units (the “Units”) at a price of $0.38 per Unit for gross proceeds of $366,700. Each Unit shall consist of one common share of the Company (a “Share“) and one common share purchase warrant (each, a “Warrant“). Each Warrant entitles the holder thereof to purchase one common share of the Company (a “Warrant Share“) at an exercise price of $0.48 per Warrant Share for a period of 6 months following the closing date and thereafter at an exercise price of $0.55 per Warrant Share for a period of 18 months. The Warrants are subject to an acceleration period (the “Warrant Acceleration Period”) whereby should the shares, traded on the TSX-V, trade at a volume weighted average price exceeding $0.55 for a period of 5 consecutive trading days for the period between March 03, 2025 through April 30, 2025, and at a volume weighted average price exceeding $0.65 per Common share for a period of 5 consecutive trading days from May 1, 2025 through the expiry date. At either of those times the Company may, at its discretion, deliver a notice (the “Notice”) to the Warrant holders notifying such Warrant holders that they must exercise their Warrants within thirty (30) days from the date of such Notice, otherwise the Warrants will expire on the thirty-first (31st) day, provided that the Company will not be entitled to exercise such forced conversion right during the period of time that the Securities are subject to resale restrictions (i.e. within the first four months and a day from the Closing Date).
Under this private placement, Doubleview is issuing a total of 1,911,364 flow-through units and 2,057,947 non-flow-through units.
For this second tranche, the Company will pay $3,705 in finder’s fees and will issue 9,750 finder’s warrants.
The Company shall continue to raise funds under the terms noted above for up to $4,000,000. Proceeds are intended to be used for contributions and maintenance of the Company’s exploration work on its BC projects, particularly for the polymetallic Hat Project, located in northwestern BC, where drilling is still ongoing, geological advisory and analytical services as well as other exploration development work and general working capital purposes.
Pursuant to applicable Canadian securities laws and in accordance with the Exchange policies, all securities issued under this Private Placement will be subject to applicable resale restrictions under applicable securities laws and to the Exchange hold period of four months and one day from the date of issuance.
The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.
About Doubleview Gold Corp
Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange [TSX-V: DBG], [OTCQB: DBLVF], [Frankfurt: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228302
FAQ
How much did Doubleview Gold Corp (DBLVF) raise in their second tranche of private placement?
Doubleview Gold Corp raised $416,300 in the second tranche of their private placement.
What is the total amount raised by Doubleview Gold (DBLVF) in their private placement?
The total gross proceeds raised to date are $1,833,270, consisting of $1,051,250 in flow-through funds and $782,020 in non-flow-through funds.
What will Doubleview Gold (DBLVF) use the private placement proceeds for?
The proceeds will be used for exploration work on BC projects, particularly the Hat Project, geological advisory and analytical services, and general working capital purposes.
What is the exercise price for the warrants in Doubleview Gold’s (DBLVF) flow-through units?
The warrants in the flow-through units can be exercised at $0.65 per Warrant Share for 24 months following the closing date.
