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

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 $750,000.

Under this private placement 1,000,000 flow-through shares (the "FT Share") will be issued at a price of $0.75. Each FT Share of the Company qualifies as a "flow-through share" within the meaning of subsection 66(15) the Income Tax Act (Canada) (the "ITA").

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 $0.66 in connection with the private placement.

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 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below:

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 (0.004%) Sc₂O₃.

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?

Doubleview Gold Corp raised $750,000 through a non-brokered private placement of flow-through shares.

What is the price per share for DBLVF's flow-through shares in the May 2025 offering?

The flow-through shares were priced at $0.75 per share, with 1,000,000 shares being issued.

How will Doubleview Gold Corp use the proceeds from the May 2025 private placement?

The proceeds will fund exploration work at the Hat Project and Red Spring project in BC, including drilling, ground IP survey, geological advisory, and analytical services.

What is the hold period for DBLVF's May 2025 private placement shares?

The securities are subject to a four-month and one-day hold period from the date of issuance.