Doubleview Gold plans C$3.2 million private placement

Vancouver-based Doubleview Gold Corp. (TSXV:DBG) and its OTCQX-listed counterpart DBLVF announced on Sunday their intention to complete a non-brokered flow-through private placement, aiming to raise up to C$3,200,000 in gross proceeds. The offering will see the issuance of up to 1,454,545 flow-through units priced at C$2.20 each, comprising one common share as a flow-through share and one-half of a common share purchase warrant.

Each full warrant permits the holder to acquire an additional non-flow-through common share for C$3.00 within a two-year window from the issuance date.

The funds raised through this private placement will be utilized to cover eligible Canadian exploration expenses qualifying as flow-through mining expenditures on the company's mineral exploration properties in British Columbia. These qualifying expenditures are planned to be renounced by subscribers, with an effective date no later than December 31, 2026.

Doubleview Gold reserves the right to pay finder's fees to eligible arm's-length finders, with cash commissions equal to 5% of the gross proceeds raised from subscribers introduced by the finders. Finder's warrants, equivalent to 5% of the units sold to these subscribers, may also be issued, exercisable at C$3.00 per share for a period of two years.

The offering is contingent upon acceptance by the TSX Venture Exchange and other requisite regulatory approvals. Post-issuance, all securities will be subject to a statutory hold period of four months and one day, in accordance with Canadian securities laws. Doubleview Gold is an exploration and development firm headquartered in Vancouver, concentrating on precious and base metal exploration projects across North America, with a particular focus on British Columbia.