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Vancouver, British Columbia--(Newsfile Corp. - November 6, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") announces it has closed the first tranche (the "First Tranche") of its non-brokered private placement (the "Private Placement") of non-flow-through units (the "Units") as previously announced in the Company's news release dated October 30, 2025. The Company is pleased to announce that due to shareholder response it has increased its Non-Flow Through Offering from $5 mill to up to $7.25 million. The Company further notes that it will reduce its Flow through Share offering from $5 million to $1.5 million,The First Tranche consisted of the issuance of 8,242,857 Non-Flow Through Units at a price of $0.70 per Unit for aggregate gross proceeds of $5,769,999.90. Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share at a price of $1.00 for a period of 24 months from the closing date, subject to an accelerated expiry date at the option of the Company in the event the ten (10) day volume-weighted average price of the Shares on the TSX.V for any ten (10) consecutive trading days is $1.25 or more.
Proceeds from the First Tranche will be used to fund the current exploration program on the Company's BC projects, particularly for the polymetallic Hat Project located in northwestern BC, and for general working capital. In connection with the closing of the first tranche the Company will pay finders fees to Ventum Financial Corp. the fees include $350,000 in Cash and 500,000 non transferable Finders warrants issued under the same terms as the Units noted above.
All securities issued pursuant to the First Tranche are subject to a four-month-and-one-day hold period expiring March 7, 2026, in accordance with applicable securities laws.
The Private Placement is subject to the approval of the TSX Venture Exchange. The Company anticipates closing the remaining Non flow through and the flow-through portion of the Private Placement in the coming weeks.
About Doubleview Gold Corp
A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: A1W038) and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.
Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.
About the Hat Polymetallic Deposit
The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below:
Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.
For further details, please refer to the Company's July 25, 2024 news release.
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