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Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) has completed a private placement raising $76,000 through the issuance of 200,000 Units at $0.38 per Unit. Each Unit includes one common share and one purchase warrant. The warrants are exercisable at $0.48 for 6 months, then at $0.55 for 18 months, with early termination provisions. The proceeds will fund exploration work on BC projects, particularly the polymetallic Hat Project, including drilling and analytical services. No finder’s fees were paid, and securities are subject to a four-month hold period.
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha completato un collocamento privato raccogliendo $76.000 attraverso l’emissione di 200.000 Unit a $0,38 ciascuna. Ogni Unità comprende una azione comune e un warrant di acquisto. I warrant possono essere esercitati a $0,48 per 6 mesi, poi a $0,55 per 18 mesi, con clausole di risoluzione anticipata. I proventi finanzieranno lavori di esplorazione sui progetti della Columbia Britannica, in particolare il progetto polimetallico Hat, compresi servizi di perforazione e analisi. Non sono state pagate commissioni per intermediari, e i titoli sono soggetti a un periodo di detenzione di quattro mesi.
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha completado una colocación privada recaudando $76,000 mediante la emisión de 200,000 Unidades a $0.38 por Unidad. Cada Unidad incluye una acción común y un warrant de compra. Los warrants son ejercitables a $0.48 durante 6 meses, luego a $0.55 durante 18 meses, con disposiciones de finalización anticipada. Los ingresos se destinarán a trabajos de exploración en proyectos en BC, particularmente el Proyecto Hat polimetálico, que incluye servicios de perforación y análisis. No se pagaron tarifas de intermediarios, y los valores están sujetos a un período de retención de cuatro meses.
더블뷰 골드 코프 (TSXV: DBG) (OTCQB: DBLVF)가 200,000개의 유닛을 $0.38에 발행하여 $76,000를 조달하는 사모 펀딩을 완료했습니다. 각 유닛은 하나의 보통주와 하나의 매수 워런트를 포함하고 있습니다. 워런트는 6개월 동안 $0.48에 행사 가능하며, 이후 18개월 동안 $0.55에 행사 가능합니다. 조기 종료 조항이 있습니다. 이 자금은 특히 광물 프로젝트 하트 프로젝트를 포함하여 BC의 탐사 작업에 사용될 예정이며, 굴착 및 분석 서비스에 사용할 것입니다. 중개 수수료는 지급되지 않았으며, 유가는 4개월의 보유 기간에 따릅니다.
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) a terminé un placement privé en levant $76,000 grâce à l’émission de 200,000 unités au prix de $0,38 par unité. Chaque unité comprend une action ordinaire et un bon de souscription. Les bons peuvent être exercés à $0,48 pendant 6 mois, puis à $0,55 pendant 18 mois, avec des clauses de résiliation anticipée. Les fonds seront utilisés pour financer des travaux d’exploration sur des projets en Colombie-Britannique, notamment le projet polymétallique Hat, y compris des services de forage et d’analyse. Aucune commission d’agent n’a été versée, et les titres sont soumis à une période de blocage de quatre mois.
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) hat eine Privatplatzierung abgeschlossen und $76.000 durch die Ausgabe von 200.000 Einheiten zu einem Preis von $0,38 pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant. Die Warrants können für 6 Monate zu $0,48 ausgeübt werden, danach für 18 Monate zu $0,55, mit vorzeitigen Beendigungsbedingungen. Die Einnahmen werden zur Finanzierung von Erkundungsarbeiten an Projekten in BC verwendet, insbesondere des polymetallischen Hat-Projekts, das Bohr- und Analysedienstleistungen umfasst. Es wurden keine Vermittlungsgebühren gezahlt, und die Wertpapiere unterliegen einer viermonatigen Sperrfrist.
Positive
- Secured $76,000 in additional funding through private placement
- Funds allocated for exploration work on Hat Project and other BC projects
Negative
- Small financing amount of only $76,000 indicates capital raise
- Dilutive effect on existing shareholders through new share issuance
Vancouver, British Columbia–(Newsfile Corp. – November 28, 2024) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company or “Doubleview”) is pleased to announce that it closed its private placement for aggregate proceeds of $76,000 comprised of 200,000 Units.
Each Unit shall consist of one common share of the Company (a “Share“) and one common share purchase warrant (each, a “Warrant“) at a price of $0.38 per Unit. 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 early termination if the underlying shares trade at a volume weighted average price equal to or greater than $0.65 for 5 consecutive days in the 24 month period from the date of issuance.
The proceeds of the sale of the shares will be used for contribution and maintenance of the Company’s exploration work on its BC projects, particularly for the polymetallic Hat Project, located in northwestern BC. This work includes drilling, geological advisory and analytical services as well as other development work and general working capital purposes.
In connection with this private placement, no finder’s fees were paid, and no finder’s warrants were issued.
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 is a mineral resource exploration and development company that is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.
Doubleview’s success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company’s strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.
About the Hat Polymetallic Deposit
The Company’s flagship Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region’s significant sources of critical minerals, the Hat Deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, of the recently completed Mineral Resource Estimate, which was announced in the Company’s July 25, 2024, news release, is summarized below:
| Average Grade | Metal Content | |||||||||||
| Open Pit Model Hat | Resource Category | Tonnage | CuEq | Cu | Co | Au | Ag | CuEq | Cu | Co | Au | Ag |
| Mt | % | % | % | g/t | g/t | million lb | million lb | million lb | thousand oz | thousand oz | ||
| In Pit | Indicated | 150 | 0.408 | 0.221 | 0.008 | 0.19 | 0.42 | 1,353 | 733 | 28 | 929 | 2,045 |
| Inferred | 477 | 0.344 | 0.185 | 0.009 | 0.15 | 0.49 | 3,619 | 1,945 | 91 | 2,328 | 7,575 | |
The Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.
For further details, please refer to the Company’s July 25, 2024 news release.
Qualified Person:
Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
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/231862
FAQ
How much did Doubleview Gold Corp (DBLVF) raise in its latest private placement?
Doubleview Gold Corp raised $76,000 through the issuance of 200,000 Units at $0.38 per Unit.
What are the warrant exercise terms for Doubleview Gold Corp’s (DBLVF) November 2024 private placement?
The warrants are exercisable at $0.48 per share for the first 6 months, then at $0.55 per share for the following 18 months, with early termination if shares trade at $0.65 for 5 consecutive days.
How will Doubleview Gold Corp (DBLVF) use the proceeds from the private placement?
The proceeds will be used for exploration work on BC projects, particularly the Hat Project, including drilling, geological advisory and analytical services, and general working capital.
