Doubleview Gold Corp Announces Non-Brokered Private Placement of Flow-Through Shares at $1.00 per share along with Non-Flow-Through Units

Core Viewpoint - Doubleview Gold Corp is initiating a non-brokered private placement of flow-through shares and non-flow-through units, aiming to raise gross proceeds of up to C$10,000,000 to fund exploration and working capital [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 5,000,000 flow-through shares priced at $1.00 each, targeting gross proceeds of C$5,000,000 [1]. - Additionally, the company will issue up to 7,142,857 non-flow-through units at a price of $0.70 per unit, also aiming for C$5,000,000 [2]. - Each non-flow-through unit will include one common share and one full warrant, with an exercise price of $1.00 valid for 24 months [2]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will specifically fund exploration activities on the Hat Project in British Columbia, which includes drilling and geological services [1]. - The overall proceeds will also support general working capital needs for the company [1]. Group 3: Regulatory and Compliance Information - All securities issued under this offering will be subject to resale restrictions and a hold period of four months and one day from the issuance date [3]. - The closing of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [4]. Group 4: Company Overview - Doubleview Gold Corp is a mineral resource exploration and development company based in Vancouver, focusing on precious and base metal projects across North America, particularly in British Columbia [4]. - The company aims to enhance shareholder value through the acquisition and exploration of critical minerals, utilizing advanced exploration techniques [4][5]. Group 5: Hat Polymetallic Deposit - The Hat Deposit is a significant polymetallic porphyry project in northwestern British Columbia, with major resources of copper, gold, cobalt, and potential for scandium [8]. - The resource estimate includes 150 million tonnes of indicated resources with an average grade of 0.408% CuEq and 477 million tonnes of inferred resources with an average grade of 0.344% CuEq [8].