This is great, always good to get more money for drilling....!!!!! Farshad has been drilling since July 17 but there hasn't been any results released yet, I suspect soon. To be able to raise $1.77 M on the first tranche likely means good things happening, sharesholder will be the last to know..... Good Luck...
2020-10-23 00:04 ET - News Release
Mr. Farshad Shirvani reports
DOUBLEVIEW CLOSES ($1,774,000) FIRST TRANCHE OF FINANCING
Doubleview Gold Corp. has closed its first tranche of its previously announced non-brokered flow-through and non-flow-through private placement for gross proceeds of $1,774,000 supported by Institutional Investors, Delbrook Capital and Strategic Resource Capital Fund.
Under the first tranche, Doubleview has issued a total of 4,545,455 flow-through units at a price of 33 cents per flow-through unit for total gross proceeds of $1.5-million. Each FT unit consists of one common share issued as a flow-through common share and one-half of one non-transferable share purchase warrant, with each whole warrant exercisable at 40 cents per share for a period of two years from the date of issue.
The company also issued 1,245,455 units at a price of 22 cents per unit for total proceeds of $274,000. Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant exercisable at 40 cents per share for a period of two years from the date of issue.
The proceeds of the financing will be used for exploration work on the Hat project and general administration.
The securities issued under the first tranche will be subject to restrictions on resale for four months and a day, pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
About Doubleview Gold Corp.
Doubleview, a mineral resource exploration and development company, is based in Vancouver, B.C., Canada, and is publicly traded on the TSX Venture Exchange. 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.