Double Deuce Closes Non-Brokered Private Placement
V59883\65592785\2
DOUBLE DEUCE EXPLORATION CORP.
200 – 551 Howe Street
Vancouver, British Columbia V6C 2C2
NEWS RELEASE
DOUBLE DEUCE CLOSES NON-BROKERED PRIVATE PLACEMENT
December 13, 2024 – Double Deuce Exploration Corp. ( CSE: DD) (the “ Company” or “ Double Deuce”)
announces that further to the news release dated October 15, 2024, it has closed its non-brokered private
placement (the “Private Placement”) issuing 3,888,889 units (the “Units”), at a price of $0.09 per Unit for
gross proceeds of approximately $350,000. Each Unit is comprised of one common share in the authorized
share structure of the Company (a “ Share”) and one transferable common share purchase warrant (a
“Warrant”). Each Warrant is exercisable to acquire one Share until December 13, 2026 at an exercise price
of $0.12 per Share in the first year and at a price of $0.15 per Share in the second year.
Michael Dake, a director and officer of the Company, acquired 400,000 Units in the Private Placement. He
is therefore a “related party” and his participation constituted a "related party transaction" as defined under
Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
Such participation is exempt from the formal valuation and minority shareholder approval requirements in
sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 as neither the fair market value of the Units acquired
by the related party, nor the fair market value of the consideration for the Units paid by such related party,
exceed 25% of the Company's market capitalization.
The Company intends to use the proceeds from the Private Placement for general working capital purposes.
All the securities issued in connection to the Private Placement are subject to a statutory hold period expiring
April 14, 2025, in accordance with applicable Canadian securities laws.
About Double Deuce
Double Deuce is a mineral exploration company which holds an option to acquire an undivided 100% interest
in and to mineral claims totaling 2,231.03 hectares comprising the Kimber Property located near Kimberley,
British Columbia, subject to a royalty obligation.
FOR FURTHER INFORMATION PLEASE CONTACT: Michael Dake, Chief Executive Officer, at:
Suite 200 – 551 Howe Street, Vancouver, British Columbia V6C 2C2;
Tel.: +1 (604) 683-8610, Email: [email protected]
Forward-Looking Statements
Certain statements in this release are forward-looking statements, which reflect assumptions related to
certain factors including but not limited to, without limitations, exploration and development risks, expenditure
and financing requirements, general economic conditions, changes in financial markets, the ability to properly
and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued
operations, title matters, First Nations relations, operating hazards, political and economic factors,
competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations
and supervision, permitting, seasonality and weather, technological change, industry practices, and one-time
events. Additional risks are set out in the Company’s prospectus dated April 30, 2024 and filed under the
Company’s profile on SEDAR+ at www.sedarplus.ca. Should any one or more risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-
looking statements may vary materially from those described herein. The Company does not undertake to
update forward looking-looking statements or forward looking information, except as required by law.