Doubleview closes second round of funding

Vancouver, British Columbia–(Newsfile Corp. – July 5, 2022) – Doubleview Gold Corp. (TSXV:DBG)(OTCQB:DBLVF)(FSE:1D4) (“Dual Display”) is pleased to announce that it has closed its second tranche of its flow-through and non-flow-through private placement for gross proceeds of $2,009,250.00. Doubleview is also pleased to report that New York-based hedge funds and family offices account for nearly $2.0 million of the second tranche proceeds. Combined with the first tranche announced on June 21, the Company has raised a total of $2,527,241.20 ($558,991.20 for flow-through shares and $1,968,250.00 for non-flow-through shares). The company did not pay any commission or finder’s fee in connection with this financing.

Under the second tranche, Doubleview will issue an aggregate of 220,000 flow-through units (the “FT Units”) at a price of $0.30 per FT Unit for aggregate gross proceeds of $66,000.00. Each FT Unit consists of one common share issued in the form of flow-through common share and one share purchase warrant (a “Warrant”), each warrant exercisable for one common share at 0 $.33 per share for a period of two years from the date of publication.

In connection with the closing of the second tranche, the Company will also issue 7,773,000 non-flow-through units (the “NFT Units”) at a price of $0.25 per NFT Unit for total proceeds of $1,943,250. Each NFT Unit consists of one common share and one share purchase warrant (a “Warrant”), each warrant exercisable for one additional common share at $0.31 per share for one period of two years from the date of issue.

The aggregate gross proceeds of $558,991.20 from the sale of the FT Offer will be used to contribute to and support the Company’s exploration work on its projects, in particular for the Hat Project. While the total gross proceeds from the sale of the NFT Offering will be used for general legal, accounting and administrative expenses.

In accordance with the policies of the TSX Venture Exchange (the “Swap“), all shares issued in this tranche, and all shares issued following the exercise of the warrants, are subject to a holding period expiring on November 6, 2022.

The closing of the Offering is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.

The Company may continue to raise funds under this private placement without an intermediary.

About Doubleview Gold Corp.

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is listed on the TSX Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: A1W038), (ESF: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through the acquisition and exploration of quality gold, copper and silver properties and the application of advanced, state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risk.

On behalf of the Board of Directors,
Farshad Shirvani, President and CEO

For more information, please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President and CEO
Such. : (604) 678-9587
Email: [email protected]

Forward-looking statements

The information in this press release contains forward-looking statements based on assumptions as of the date of this press 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 important factors, many of which are beyond Doubleview’s control. These factors include, among others: the risks and uncertainties associated with 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 by the forward-looking information. Except as required by applicable securities laws, Doubleview undertakes no obligation to publicly update or revise any forward-looking information.


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Michael J. Birnbaum