Business
Doubleview Gold Corp Announces Closing of Second Tranche of Private Placement for Total of $1,833,270
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - Doubleview Gold Corp. (TSXV: ...
About this update from Doubleview Gold Corp.
[{"type":"text","content":"Doubleview Gold Corp Announces Closing of Second Tranche of Private Placement for Total of $1,833,270Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - 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 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 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 averag...