PriceSensitive

Doubleview (TSXV:DBG) closes first tranche of private placement

Mining, The Market Online Deal Room
TSXV:DBG
19 December 2022 08:45 (EST)

Source: Doubleview Gold Corp.

Doubleview Gold Corp. (DBG) has closed the first tranche of a private placement for gross proceeds of $1,344,999.60.

Under the first tranche, Doubleview will issue a total of 1,921,428 flow-through units at $0.70 per unit. Each FT unit consists of one FT common share issued and one-half of one common share purchase warrant. Each whole warrant is exercisable for one common share for two years.

The gross proceeds of the sale of the FT Units will be used to support exploration work on its projects, particularly for the Hat Project.

All securities are subject to a statutory hold period expiring April 16, 2023.

The closing of the offering is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.

Doubleview Gold is a Canada-based mineral resource exploration and development company. Its project includes Mount Milligan North Property, the Hat Property, and the Red Springs Project.

Doubleview Gold Corp. (DBG) opened trading at C$0.48.


Related News