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Doubleview Gold Corp (TSXV:DBG) closes private placement

Mining
TSXV:DBG
18 July 2022 09:00 (EDT)

Source: Doubleview Gold Corp.

Doubleview Gold Corp. (DBG) has closed the final tranche of its non-brokered private placement for gross proceeds of $541,000.

Combined with the previous two tranches of its previously announced offering, the company raised $3,068,241.20.

Under the third tranche, Doubleview will issue 1,890,000 flow-through units for gross proceeds of $411,000. Each FT Unit consists of one common share issued as a flow-through common share and one share purchase warrant.

The company will also issue 520,000 non-flow-through units for total proceeds of $130,000. Each NFT unit consists of one common share and one share purchase warrant.

The gross proceeds from the flow-through offering will finance exploration work, particularly for the Hat Project. The gross proceeds from the NFT offering will be used for legal, accounting and general administrative costs.

All shares issued are subject to a hold period expiring November 6, 2022.

Doubleview Gold is a Vancouver-based mineral resource exploration and development company. Doubleview increases shareholder value by acquiring and exploring quality gold, copper and silver properties.

Doubleview Gold Corp. (DBG) opened trading at C$0.25.

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