Doubleview Gold Closes First Tranche of $5.7 Million Non Brokered Private Placement
Doubleview Gold (DBLVF) closed the first tranche of a planned non brokered private placement, raising $5,769,999.90 to push exploration at its British Columbia projects. The raise comes as the company adjusts its financing plan, and the cash is earmarked for work at the polymetallic Hat Project in northwestern British Columbia, plus general working capital.
Why this matters for Doubleview Gold, investors, and junior miners?
This financing gives Doubleview Gold immediate funding for field work, and it strengthens the company’s ability to advance a project that hosts copper, gold, cobalt, and potential scandium resources. For investors, the issuance brings near term capital, and it also introduces warrants that could dilute equity if exercised, while offering upside if the share price rises.
Doubleview Gold private placement, what was issued
The First Tranche included 8,242,857 Non Flow Through Units at $0.70 per Unit, for aggregate gross proceeds of $5,769,999.90. Each Unit includes one common share and one warrant. Each warrant allows the purchase of one additional share at $1.00 for 24 months, with an accelerated expiry clause tied to trading price conditions.
The company notes it has increased its non flow through offering from $5 million to up to $7.25 million, while reducing its flow through portion from $5 million to $1.5 million, driven by shareholder response to the financing.
Use of proceeds, operational focus
Proceeds will be used mainly for the exploration program on the company’s British Columbia projects, with emphasis on the Hat polymetallic deposit in northwestern BC, and for general working capital. The Hat Project hosts copper, gold, cobalt, and has noted scandium potential in prior disclosures.
Terms investors should note
Important investor facing terms include, first, a four months and one day hold period on the securities issued in the first tranche, expiring March 7, 2026, under applicable securities law. Second, finders’ fees were paid to Ventum Financial Corp, including $350,000 in cash plus 500,000 non transferable finders warrants issued on the same terms as the Units. Third, the private placement remains subject to approval by the TSX Venture Exchange.
Market and community reaction
Market observers and junior mining commentators posted near immediate reactions on social platforms. See the live reaction posts from industry watchers on X, including JRMiningIntel and OrestocksNews, which referenced the financing as a meaningful funding step for the Hat program and Doubleview’s BC exploration push.
How the financing fits Doubleview Gold’s strategy
Doubleview Gold focuses on acquiring and advancing precious and base metal projects across North America, with a heavy emphasis on British Columbia.
This financing aligns with that strategy by directly funding field work on the Hat deposit and supporting ongoing corporate needs. It also shows investor appetite for critical minerals and polymetallic plays, at least enough to expand the non flow through offering.
The Hat Project in brief
The Hat deposit has been described as a polymetallic porphyry style project, with measured resource figures released previously and a stated potential for scandium. The company’s prior resource estimate used a 0.2 percent copper equivalent cut off, showing sizeable indicated and inferred tonnages. Readers should refer to Doubleview’s technical releases for the full model details.
Live social context
Industry accounts on X covered the news as it broke, offering quick takes that traders and followers could read for context and sentiment. For live commentary, see posts by JRMiningIntel and OrestocksNews. These public reactions provide a sense of market mood, and they can help readers assess investor sentiment in real time.
Due diligence reminder
Readers should note that the news release contains forward looking statements, and the usual risks apply to junior resource exploration plays.
The company cautions that forward looking statements are subject to risks including regulatory approvals, financing availability, exploration results, and commodity price fluctuations. Investors should consider the full regulatory filings and speak with financial professionals before taking action.
Conclusion
Doubleview Gold’s first tranche close brings immediate capital, a clear plan for use of proceeds, and a timeline for public resale restrictions.
Watch for the company to report exploration milestones from the Hat Project, for the TSX Venture Exchange to clear remaining tranches, and for any market reaction when the warrants trade or if the company announces drilling results.
This funding step matters to the company, and it matters to the broader junior mining sector as a sign of continued investor interest in polymetallic and critical mineral projects.
FAQs
The funding pays for exploration at the Hat Project, where prior resource work shows copper and gold potential, and it keeps the company moving through a key program of work.
Investors get exposure to exploration upside through the issued shares and warrants, but they should account for potential dilution if warrants are exercised, and for the usual exploration risk.
The company expects to close remaining tranches for both non flow through and flow through portions in the coming weeks, subject to TSX Venture Exchange approval.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
