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In a significant step for its financing efforts, Doubleview Gold Corp has announced the closure of the first tranche of its non-brokered private placement. This funding round raised a total of $725,100 to enhance the company’s exploration activities, particularly within its projects located in British Columbia.
According to the announcement made on December 17, the first tranche involved the issuance of 557,769 flow-through units (referred to as FT Units) priced at $1.30 each. Each unit includes one common share and a corresponding purchase warrant, qualifying as a flow-through share under Canadian tax guidelines.
Funding allocation and exploration initiatives
The proceeds from this initial funding will be directed towards advancing the polymetallic Hat Project, a key focus for Doubleview located in northwestern British Columbia. This project is essential for the company’s strategy to explore and develop high-potential mineral resources.
In addition to the capital raised, the company has allocated funds to pay finder’s fees to Research Capital Corporation. This includes a cash payment of $2,502.50 along with 1,925 non-transferable finder’s warrants issued under the same conditions as the FT Units.
Regulatory considerations and next steps
All securities issued through this funding round are subject to a hold period of four months and one day, concluding in compliance with applicable securities regulations. Furthermore, this private placement remains contingent upon receiving final approval from the TSX Venture Exchange, which is expected in the coming weeks.
About Doubleview Gold Corp
Doubleview Gold Corp is an exploration and development company headquartered in Vancouver, British Columbia. Publicly traded on the TSX Venture Exchange and other markets, the company specializes in identifying and financing exploration projects across North America, with a focus on precious and base metals.
The organization seeks to enhance shareholder value through the acquisition and exploration of critical minerals, including gold, copper, cobalt, scandium, and silver. Utilizing advanced exploration techniques, Doubleview aims to discover and develop high-quality projects that can yield significant returns.
Long-standing support from shareholders and institutional investors has been vital in propelling Doubleview’s strategic initiatives forward. The company looks forward to fostering collaborative growth and actively encourages participation from its stakeholders as it continues to broaden its exploration portfolio.
Future potential and commitment
Doubleview Gold Corp aims not only to expand its mining operations but also to strengthen its position within the critical minerals sector. The company’s leadership, under the guidance of Farshad Shirvani, President and CEO, remains committed to leveraging its existing resources for sustainable growth.
As the company progresses with its exploration programs, it remains devoted to transparency and accountability with its investors and partners. The ongoing commitment from its supporters is pivotal as Doubleview navigates the complexities of the mining sector while striving for excellence in all its endeavors.
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