Doubleview Announces Closing of Final Tranche of Oversubscribed Flow-Through Private Placement

Aggregate gross proceeds reached $3,735,000, with funds designated for eligible exploration expenses on British Columbia mineral properties.

Rhea-AI Summary

Doubleview Gold (DBLVF) has closed the final tranche of its oversubscribed flow-through private placement, raising gross proceeds of $500,000. The offering raised aggregate gross proceeds of $3,735,000. Units were priced at $2.20, each comprising one flow-through common share and half a warrant. Each whole warrant permits the purchase of one common share at $3.00 for two years from issuance.

Proceeds will fund eligible Canadian exploration expenses on the company's British Columbia mineral properties. Doubleview paid $25,000 in cash finder's fees and issued 11,000 finder's warrants, exercisable at $3.00 for two years from issuance. The offering remains subject to final acceptance by the TSX Venture Exchange.

2 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointCompleted offering raised $3,735,000 in aggregate gross proceeds. 1.6% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Offering proceeds will fund eligible Canadian exploration expenses on Doubleview's British Columbia mineral properties.

Negative

• Moderate point$2.20 units add shares and half a warrant each; whole warrants buy shares at $3.00 for two years.
• Minor point$25,000 cash finder's fees were paid for the final tranche.
• Minor point. Forward-looking: it has not happened yet and may not happen.11,000 finder's warrants create potential dilution at $3.00 per share for two years from issuance.
• Minor pointFinal TSX Venture Exchange acceptance remains pending for the offering.

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Vancouver, British Columbia--(Newsfile Corp. - November 11, 2026) - Doubleview Gold Corp. (TSXV: DBG) (OTCQX: DBLVF) (GERMANY: A1W038) (the "Company" or "Doubleview") is pleased to announce that it has closed the second and final tranche (the "Final Tranche") of its oversubscribed flow-through private placement (the "Offering").

Further to the Company's news releases of November 2, 2026 and November 5, 2026, which announced the Offering, the closing of its first tranche and an increase in its size, the Company has issued 27,273 flow-through units (the "FT Units") in the Final Tranche at a price of $2.20 per FT Unit, for gross proceeds of $500,000. Each FT Unit consists of one common share of the Company issued as a "flow-through share" (an "FT Share") and one-half of one non-flow-through common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one non-flow-through common share at a price of $3.00 for a period of two years from the date of issuance. Together with the previously closed first tranche, the Company has raised aggregate gross proceeds of $3,735,000 under the Offering.

The FT Shares qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act").

The gross proceeds of the Offering will be used to incur eligible Canadian exploration expenses ("CEE") that qualify as "flow-through mining expenditures" under the Tax Act on the Company's mineral exploration properties in British Columbia.

In connection with the Final Tranche, the Company paid cash finder's fees of $25,000 and issued 11,000 non-transferable finder's warrants (the "Finder's Warrants") to certain eligible finders who assisted in identifying purchasers of FT Units. Each Finder's Warrant entitles the holder to purchase one common share of the Company at an exercise price of $3.00 for a period of two years from the date of issuance.

All securities issued in the Final Tranche are subject to a statutory hold period of four months and one day, expiring on March 11, 2027.

The Offering remains subject to final acceptance by the TSX Venture Exchange (the "Exchange").

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQX: DBLVF) (GER: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, with a focus on British Columbia. The Company seeks to build shareholder value through the acquisition and exploration of quality gold, copper and silver properties using advanced, state-of-the-art exploration methods. Its portfolio of strategic properties provides diversification and helps mitigate investment risk.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer 

For further information please contact:

Doubleview Gold Corp 
Vancouver, BC 
Farshad Shirvani 
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the use of proceeds of the Offering, the incurrence of CEE, and the receipt of final acceptance of the Offering by the Exchange. Forward-looking statements are based on the current beliefs, estimates and assumptions of management and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including, without limitation, changes in the Company's exploration plans, results of exploration that differ from expectations, availability of financing, and receipt of regulatory and other approvals. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/323488

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Doubleview Gold raise in its final private placement tranche?

Doubleview raised $500,000 in gross proceeds in the final tranche, bringing aggregate offering proceeds to $3,735,000. Units were priced at $2.20 and included one flow-through common share plus half a common share purchase warrant.

What tax treatment applies to Doubleview Gold's flow-through shares?

The shares qualify as flow-through shares under subsection 66(15) of Canada's Income Tax Act. The offering proceeds will fund eligible Canadian exploration expenses that qualify as flow-through mining expenditures under that Act.