Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) announced that it has completed a private placement raising $76,000 through the issuance of 200,000 units priced at $0.38 per unit.
Each unit includes one common share and one share purchase warrant, with the warrants exercisable at $0.48 for six months and $0.55 for an additional 18 months.
The warrants may be subject to early termination if the shares reach a sustained price of $0.65 within 24 months.
The proceeds of the offering will be used for exploration and development at Doubleview's projects in British Columbia, primarily the Hat Project, including drilling, geological advisory, and other project-related activities.
No finder's fees or warrants were issued in connection with the placement.