Doubleview Gold Corp Announces Closing of Private Placement
Rhea-AI Summary
Doubleview Gold Corp (DBLVF) has successfully completed a non-brokered private placement, raising $750,000 through the issuance of 1,000,000 flow-through shares at $0.75 per share. The proceeds will fund exploration work at two BC projects: the polymetallic Hat Project in northwestern BC and the copper-silver-zinc Red Spring project in central BC. The funds will support drilling, ground IP survey, geological advisory, and analytical services. The company will issue 57,217 finder's shares at $0.66. All securities are subject to a four-month and one-day hold period, with the offering pending TSX Venture Exchange approval.
Positive
- Secured $750,000 in new funding for exploration activities
- Funds will advance development of two mineral projects in BC
- Flow-through share structure provides tax benefits for investors
Negative
- Dilution of existing shareholders through issuance of new shares
- Four-month hold period restricts immediate trading of new shares
News Market Reaction – DBLVF
On the day this news was published, DBLVF gained 14.48%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce that it has raised flow-through funds by way of a non-brokered private placement (the "Offering") for total gross proceeds of
Under this private placement 1,000,000 flow-through shares (the "FT Share") will be issued at a price of
The proceeds of the sale of the FT Shares will be used for contribution and maintenance of the Company's exploration work on its BC projects, the polymetallic Hat Project, located in northwestern BC and copper-silver-zinc Red Spring project, located in central BC. This work includes drilling, ground IP survey, geological advisory and analytical services as well as other development work.
Pursuant to applicable Canadian securities laws and in accordance with the Exchange policies, all securities issued under this Offering will be subject to applicable resale restrictions under applicable securities laws and to the Exchange hold period of four-months and one day from the date of issuance.
Doubleview will issue 57,217 finder's shares at a volume weighted average price of
The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.
About Doubleview Gold Corp
A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: A1W038) and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.
Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.
About the Hat Polymetallic Deposit
The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The
Open Pit Model Hat | Resource Category | Tonnage | Average Grade | Metal Content | ||||||||
| CuEq | Cu | Co | Au | Ag | CuEq | Cu | Co | Au | Ag | |||
| Mt | % | % | % | g/t | g/t | million lb | million lb | million lb | thousand oz | thousand oz | ||
| In Pit | Indicated | 150 | 0.408 | 0.221 | 0.008 | 0.19 | 0.42 | 1,353 | 733 | 28 | 929 | 2,045 |
| Inferred | 477 | 0.344 | 0.185 | 0.009 | 0.15 | 0.49 | 3,619 | 1,945 | 91 | 2,328 | 7,575 | |
Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (
For further details, please refer to the Company's July 25, 2024 news release.
Qualified Person:
Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.
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
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.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253622
FAQ
How much did Doubleview Gold Corp (DBLVF) raise in its May 2025 private placement?
What is the price per share for DBLVF's flow-through shares in the May 2025 offering?
How will Doubleview Gold Corp use the proceeds from the May 2025 private placement?
What is the hold period for DBLVF's May 2025 private placement shares?
