Doubleview Gold Corp. Closes Final Tranche of Non-Brokered Private Placement for Gross Proceeds of $7,181,400
Rhea-AI Summary
Doubleview Gold Corp (OTCQB: DBLVF; TSXV: DBG) closed the second tranche of a non-brokered private placement on November 19, 2025, issuing 2,016,286 units at $0.70 per unit for $1,411,400 gross proceeds.
Combined with the first tranche, the Private Placement raised total gross proceeds of $7,181,400. Each unit includes one share and one warrant exercisable at $1.00 for 24 months, with an accelerated expiry if VWAP ≥ $1.25 for 10 consecutive trading days.
A director subscribed for 350,000 units (~$245,000), treated as a related party transaction and exempt from minority approval. Finder's fees paid: $44,100 cash and 63,000 finder's warrants. Securities are subject to a four-month-and-one-day hold expiring March 19, 2026. Proceeds will fund exploration at the Hat Project in British Columbia and general working capital.
Positive
- Total gross proceeds of $7,181,400
- Second tranche raised $1,411,400
- Warrants exercisable at $1.00 for 24 months
- Proceeds allocated to Hat Project exploration
Negative
- Insider subscribed 350,000 units (related party)
- Finder's fees: $44,100 cash plus 63,000 warrants
- Issued securities subject to hold until March 19, 2026
News Market Reaction
On the day this news was published, DBLVF gained 0.90%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the "Private Placement") announced on November 7, 2025.
The second tranche consists of 2,016,286 units (the "Units") at a price of
Combined with the first tranche that closed on November 7, 2025, the Company has now raised total gross proceeds of
Insider Participation and Related Party Transaction
A director of the Company participated in the second tranche by subscribing for 350,000 Units (
In connection with the second tranche, the Company paid finder's fees to Research Capital Corporation consisting of
All securities issued pursuant to the second tranche, including securities issued as finder's fees, are subject to a statutory four-month and one-day hold period expiring March 19, 2026.
The Private Placement, including the insider participation described above, is subject to final acceptance of the TSX Venture Exchange.
Proceeds from the Private Placement will be used to advance the Company's exploration program on its British Columbia projects, particularly the polymetallic Hat Project located in northwestern British Columbia, and for general working capital purposes.
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.
The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Private Placement and other statements concerning the Private Placement; the anticipated use of proceeds from the Private Placement; the renunciation to the purchasers of FT Shares and timing thereof; the tax treatment of the FT Shares and the Company's plans regarding exploring its mineral exploration properties; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275145
FAQ
How much did Doubleview Gold (DBLVF) raise in total from the November 2025 private placement?
What were the terms of the units sold in Doubleview Gold's November 19, 2025 tranche?
When do the securities from Doubleview Gold's second tranche become free-trading?
Did an insider participate in Doubleview Gold's November 2025 private placement (DBLVF)?
What fees were paid for finders in Doubleview Gold's second tranche?
How will Doubleview Gold use the proceeds from the private placement?
