Doubleview Gold Corp Announces Closing of second Tranche of Private Placement for total of $1,833,270
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
2024-10-29
Doubleview Gold Corp Announces Closing of second Tranche of Private Placement for total of $1,833,270
Vancouver, British Columbia - 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 C ompany (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 conse cutive trading days from May 01, 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. P roceeds 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.
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
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
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
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.