Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) told investors it closed a non-brokered flow-through private placement for gross proceeds of $1,501,401 and will issue a total of 2,144,858 flow-through shares at $0.70 each.
The company said the aggregate gross proceeds will be used for contribution and maintenance of exploration work on its projects, particularly its polymetallic Hat Project in northwestern BC.
The project has been developed by more than 30,000 meters of drilling, with more than 10,000 meters drilled during the past season, as well as a 3D IP survey and other geological work.