Doubleview Gold Corp. Announces Financing
VANCOUVER, July 22, 2020 - Doubleview Gold Corp. ("Doubleview") (TSXV:DBG) (OTC PINK:DBLVF) (FRA:1D4) is pleased to announce a non-brokered private placement (the "Private Placement") of up to 6,060,606 Flow-Through Units at $0.33 per Unit for total proceeds of up to $2,000,000. Each Flow-Through Unit will consist of one common share to be issued as a flow-through common share and one half of one non-transferable share purchase warrant, with each whole warrant exercisable at $0.40 per common share for a period of two years from the date of issue. Doubleview is also announcing the Private Placement of up to 9,090,909 Units at a price of $0.22 per Unit for total proceeds of $2,000,000, subject to a 15% over-allotment option. Each Unit consists of one common share and one share purchase warrant, with each whole warrant exercisable at $0.40 per common share for a period of two years from the date of the issue. Doubleview may pay a finder's fee in cash and/or share purchase warrants in connection with the Offering. The securities issued under the Offering will be subject to a four month hold from the date of issue. The Private Placement is subject to the acceptance of the Exchange.
The proceeds of the Offering will be used for exploration work on the Hat Project and general working capital purposes.
About Doubleview Gold Corp
Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange [TSX-V: DBG]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
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Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview's control. Such factors include, among other things: risks and uncertainties relating to Doubleview's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.
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.
SOURCE: Doubleview Gold Corp.