Doubleview Gold Corp Announces Closing of final Tranche of Private Placement for total of $1,873,100
Doubleview Gold Corp.
TSX.V: DBG
OTC: DBLVF
FSE: 1D4
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
Doubleview Gold Corp Announces Closing of final Tranche of Private Placement for total of $1,873,100
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2024) - Doubleview Gold Corp. (TSXV: DBG)
(OTCQB: DBLVF) (FSE: 1D4) (the "Company or "Doubleview") is pleased to announce that it is closing its final
tranche of its non-brokered Private Placement, as originally announced on September 10 a nd 11, 2024, of non-
flow-through funds for gross proceeds of $39,830. To date the Company has raised total gross proceeds of
$1,873,100 (total flow-through funds of $1,051,250 and total non-flow-through funds of $821,850).
Under the final tranche, Doubleview will issue a total of 104,816 non-flow-through units (the "Units") at a price of
$0.38 per Unit for gross proceeds of $39,830. 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 pric e 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") as described in the announcement from October 29, 2024.
No additional flow-through units will be issued under the final tranche. Under this private placement, Doubleview
is issuing a total of 1,911,364 flow-through units and 2,162,763 non-flow-through units.
No finder's fees or finder's warrants will be issued for this final tranche.
Proceeds are intended to be used for contributions and maintenance of the Company's exploration work on its BC
projects, particularly for the Hat Polymetallic Deposit, 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.
New Financing
The Company wishes to announce a non-brokered private placement of flow-through shares of the Company (the
"FT Shares") at a price of $0.48 for gross proceeds of up to $4,000,000. Each FT Share of the Company (a "FT
Share") qualifies as a "flow-through share" within the meaning of subsection 66(15) the Income Tax Act (Canada)
(the "ITA").
About Doubleview Gold Corp
A mineral resource exploration and development company 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 Gold Corp.
TSX.V: DBG
OTC: DBLVF
FSE: 1D4
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
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 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, as of the recently completed Mineral Resource Estimate and 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
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.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
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
Doubleview Gold Corp.
TSX.V: DBG
OTC: DBLVF
FSE: 1D4
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
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.