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Doubleview Gold Corp (OTCMKTS:DBLVF) Stock Rallies After Concluding First Tranche of Financing

Pete Matthews , , , ,

Following a key announcement from the company this past Friday, Doubleview Gold Corp (OTCMKTS:DBLVF) saw its stock go up by as much as 12% amidst heavy interest.

Trading Data

On Friday, DBLVF stock jumped 12.32% to $0.3559 with more than 25.35K shares, compared to its average volume of 90.92K shares. The stock moved within a range of $0.3186 – 0.3559 after opening trading at $0.3303.

Doubleview Closes First Tranche of Financing

The company announced on Friday that it had been successful in finally closing the first tranche of its non-brokered flow-through private placement. It was announced that the gross proceeds from the transaction came in at $1,344,999.60. Doubleview Gold Corp announced that in the first tranche it offered as many as 1921428 units of flow-through units which were priced at $0.70. It appears that the news came as a source of considerable excitement for investors and provided a boost to the stock due to heightened interest.

A solitary flow-through unit is made up of one flow-through common share in Doubleview Gold Corp and half of a share purchase warrant. A whole share purchase warrant could be exercised 2 years for the price of $0.80 a share and that could be exercised at any time within six months from the date of issuance.

Following that, the warrants could be exercised for a price of $1.20 a share for 18 months since the date of issuance. It remains to be seen if the stock adds to its gains today or not.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.