Source: Doubleview Gold Corp.
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  • Doubleview Gold Corp. (DBG) has closed the second tranche of its non-brokered private placement for gross proceeds of $2,009,250.00
  • Under the second tranche, Doubleview will issue a total of 220,000 flow-through units and 7,773,000 non-flow-through units
  • Combined with the first tranche, the company has raised a total of $2,527,241.20
  • Doubleview Gold is a Vancouver-based mineral resource exploration and development company
  • Doubleview Gold Corp. (DBG) opened trading at C$0.24

Doubleview Gold Corp. (DBG) has closed the second tranche of its non-brokered private placement for gross proceeds of $2,009,250.00.

Combined with the first tranche, the company has raised a total of $2,527,241.20.

Under the second tranche, Doubleview will issue a total of 220,000 flow-through units for gross proceeds of $66,000.00. Each FT unit consists of one flow-through common share and one share purchase warrant. Each warrant is exercisable for one common share for two years.

Doubleview will also issue 7,773,000 non-flow-through units for total proceeds of $1,943,250. Each NFT unit consists of one common share and one share purchase warrant.

The gross proceeds from the flow-through offering will finance exploration work, particularly for the Hat Project. The gross proceeds from the NFT offering will be used for legal, accounting and general administrative costs.

All shares issued are subject to a hold period expiring November 6, 2022.

Doubleview Gold is a Vancouver-based mineral resource exploration and development company. Doubleview increases shareholder value by acquiring and exploring quality gold, copper and silver properties.

Doubleview Gold Corp. (DBG) opened trading at C$0.24.

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