Business
Doubleview Gold Corp Announces Closing of First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2024) - Doubleview Gold Corp. (TSXV...
About this update from Doubleview Gold Corp.
[{"type":"text","content":"Doubleview Gold Corp Announces Closing of First Tranche of Private PlacementVancouver, British Columbia--(Newsfile Corp. - September 11, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the \"Company or \"Doubleview\") is pleased to announce that it is closing the first tranche of its non-brokered Private Placement of flow-through and non-flow-through funds for gross proceeds of $ 1,416,970.Under the first tranche Doubleview will issue a total of 1,821,182 flow-through units (the \"FT Units\") at a price of $0.55 per FT Unit for gross proceeds of $1,001,650. Each flow-through unit (the \"FT Unit\") consists of one common share of the Company (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 1,092,947 units (the \"Units\") at a price of $0.38 per Unit for gross proceeds of $ 415,320. 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 early termination if the underlying shares trade at a volume weighted average price equal to or greater than $0.65 for 5 (five) consecutive days in the 24 month period from the date of issuance.For this first tranche, the Company did not pay any finder's fees nor issued any finder's warrants. The proceeds of the sale of the shares 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. This work includes d...