Doubleview Gold closes $1.34M 1st tranche of financing
2022-12-16 16:40 ET - News Release
Mr. Farshad Shirvani reports
DOUBLEVIEW CLOSES FIRST TRANCHE OF FINANCING
Doubleview Gold Corp. has closed the first tranche of its non-brokered flow-through private placement for gross proceeds of $1,344,999.60.
Under the first tranche Doubleview will issue a total of 1,921,428 flow-through units (the "FT Units") at a price of $0.70 per FT unit for total gross proceeds of $1,344,999.60. Each FT Unit consists of one common share issued as a flow-through common share and one half of one common share purchase warrant (a "Warrant"), with each full Warrant exercisable for one common share of the Corporation for 2 (two) years at a price of $0.80 per share for a period of 6 (six) months from the date of issue and thereafter at a price of $1.20 per share for a period of 18 (eighteen) months.
The aggregate gross proceeds of the sale of the FT Units will be used for contribution and maintenance of the Company's exploration work on its projects, particularly for the Hat Project.
Pursuant to the policies of the TSX Venture (the "Exchange"), all shares issued in this private placement, and any shares issued pursuant to the exercise of the warrants, are subject to a hold period expiring April 16, 2023.
The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.
https://www.stockwatch.com/News/Item/Z-C!DBG-3344937/C/DBG