Doubleview Gold Corp Announces Private Placement
Rhea-AI Summary
Doubleview Gold Corp (OTCQB: DBLVF) has announced a non-brokered private placement offering to raise up to $750,000 through the issuance of flow-through shares at $0.75 per share. The proceeds will fund exploration work at the company's BC projects, with a focus on the polymetallic Hat Project in northwestern BC. The exploration activities will include drilling, geological advisory, and analytical services. The issued securities will be subject to a four-month and one-day hold period, and the company may pay finder's fees in cash and/or shares. The offering's closing is pending regulatory and TSX Venture Exchange approval.
Positive
- Raising additional $750,000 to fund exploration activities
- Flow-through shares provide tax benefits to Canadian investors
- Funds dedicated to advancing the polymetallic Hat Project exploration
Negative
- Potential dilution for existing shareholders
- Share issuance at $0.75 may impact market price
- Additional finder's fees may increase the cost of capital raising
News Market Reaction – DBLVF
On the day this news was published, DBLVF declined 1.08%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce that it is raising flow-through funds by way of a non-brokered private placement (the "Offering") for aggregate proceeds of up to
Each flow-through share (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, particularly for the polymetallic Hat Project, located in northwestern BC. This work includes drilling, 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 may pay a finder's fee in cash and/or shares 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) (FSE: 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
| Average Grade | Metal Content | |||||||||||
| Open Pit Model Hat | Resource Category | Tonnage | 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/253445
FAQ
What is the size and price of Doubleview Gold's (DBLVF) May 2025 private placement?
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What type of shares is Doubleview Gold (DBLVF) offering in the May 2025 placement?
