Doubleview Gold completes $7.2 million private placement for exploration

Doubleview Gold Corp. (TSXV: DBG) has closed the final tranche of its non-brokered private placement, raising total gross proceeds of $7,181,400.

The second tranche raised $1,411,400 through the sale of 2,016,286 units at $0.70 per unit. Each unit consists of one common share and one warrant allowing the purchase of an additional share at $1.00 within 24 months. The warrants include an accelerated expiry provision if the company's share price trades at $1.25 or higher for 10 consecutive days on the TSX Venture Exchange.

A company director participated in the second tranche by purchasing 350,000 units for $245,000, representing 17.3% of the tranche. This constitutes a related party transaction under regulatory guidelines, though the company is exempt from formal valuation and minority shareholder approval requirements as the transaction value does not exceed 25% of market capitalization.

The company paid finder's fees of $44,100 in cash and 63,000 non-transferable warrants to Research Capital Corporation. All securities issued carry a statutory hold period expiring March 19, 2026.

Proceeds will fund exploration programs on the company's British Columbia projects, particularly the polymetallic Hat Project in northwestern British Columbia, and general working capital. The Hat Project contains indicated resources of 150 million tonnes and inferred resources of 477 million tonnes, with grades including copper, gold, cobalt, and silver.

The private placement remains subject to final acceptance by the TSX Venture Exchange. Doubleview also trades on the OTCQB under symbol DBLVF and on the Frankfurt Stock Exchange as 1D4.

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