Doubleview upsizes flow-through placement to US$2.71M amid exploration push
What's the deal? Doubleview GoldDealroom has a profile for this one. Try Dealroom → has closed the first tranche of a non-brokered flow-through private placement, raising US$2.71M (roughly $2.65 million). The Vancouver-based explorer sold flow-through units at US$1.61 each, each carrying one share and half a warrant exercisable at US$2.2 until November 5, 2028.
Why now? The company raised US$2.37M in the first tranche and lifted its target from US$2.35M to US$2.71M, citing what it called "strong investor interest." Proceeds will fund eligible Canadian exploration spending in British Columbia.
What's the endgame? Doubleview is advancing drilling at its Hat polymetallic project toward an updated resource estimate targeted for early 2027. It reported that 2026 drilling extended mineralization about 150 metres east, and said it was funded for its then-current work program.
What could go wrong? The upsizing reflects demand for a tax-advantaged offering — flow-through shares let investors deduct exploration expenses — but it is not itself evidence that Hat's prospects have improved. Exploration results and assay confirmation remain the test.
The signal: Flow-through financing is a common Canadian exploration funding route, but scale varies widely; Osisko MetalsDealroom has a profile for this one. Try Dealroom → closed a roughly US$18.3M flow-through placement in November. Doubleview's $2.65 million raise sits in the lower tier of such deals, underscoring that even a modestly oversubscribed placement can keep a junior explorer drilling toward its next milestone.
Read more: streetinsider.com
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