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Doubleview Gold (TSXV:DBG) closes private placement

Market News, Mining
TSXV:DBG
29 December 2022 10:00 (EDT)

Source: Doubleview Gold Corp.

Doubleview Gold Corp. (DBG) has closed the final tranche of its non-brokered flow-through private placement for total gross proceeds of $1,515,049.90.

Under the second tranche of the private placement, Doubleview issued 242,929 flow-through units at a price of $0.70 per FT unit for gross proceeds of $170,050.30.

Each FT unit consisted of one common share issued as a flow-through common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable for one common share at $0.80 per share for a period of six months from the date of issue and thereafter at a price of $1.20 per share for a period of 18 months.

Proceeds will be used to continue exploration work on its projects, particularly for the Hat Project.

All securities issued are subject to a hold period expiring April 29, 2023.

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia.

Doubleview Gold Corp. was down 2.299 per cent, trading at $0.425 at 9:55 AM ET.


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