Hi-View Closes First Tranche of Private Placement Financing
May 27 2024 - 3:01AM
Hi-View Resources Inc. (‘Hi-View' or the ‘Company’)
(CSE:
HVW; OTCQB: HVWRF; FSE: B63) is pleased to announce that
pursuant to its news release dated April 30, 2024 on the offering
of up to 10,000,000 units at $0.022 each (the “Offering”), it has
now closed the first tranche of the non-brokered private placement
Offering of 4,841,454 units (the "Units"), at a price of $0.022 per
Unit for gross proceeds of $106,511.99 (the “First Tranche”).
The Units issued consist of one common share of
the Company and one common share purchase warrant ("Warrant"). The
Warrants issued pursuant to the First Tranche entitle the holder to
purchase one additional common share of the Company at a price of
$0.05 per share on or before May 24, 2026, subject to certain
acceleration provisions.
In the First Tranche, the Company paid cash
finder’s fees of $6,832 and issued 310,545 finder’s warrants (the
“Finder’s Warrants”) to a qualified finder. The Finder’s Warrants
have the same terms as the Warrants described above.
Hi-View will use the net proceeds from the First
Tranche for exploration and geological expenses, mineral property
option payments and working capital.
The securities issued pursuant to the Offering
are subject to a statutory hold period of four months plus one
day.
About Hi-View
Hi-View is a mineral exploration company focused
on the acquisition, exploration and development of mineral
properties in Canada and the USA. The Company, through its
subsidiary holds options to acquire the Golden Stranger Property
and the Lawyers West, East, South projects, together with claims
acquired directly through staking, all located in the Toodoggone
region of northern BC, prospective for gold, silver, and copper.
The collective holdings cover 9,139 hectares.
Contact:Hi-View Resources
Inc.Howard Milne, CEOEmail: hdmcap@shaw.ca Telephone: (604)
377-8994Website: www.hiviewresources.com
FORWARD LOOKING STATEMENTS:
This news release includes certain statements
that may be deemed “forward-looking statements”. All statements in
this new release, other than statements of historical facts, that
address events or developments that the Company expects to occur,
are forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”,
“may”, “could” or “should” occur. Forward-looking statements in
this news release includes statements related to the proposed
Transaction and related matters. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in the forward-looking statements. Factors that could cause
the actual results to differ materially from those in
forward-looking statements include market prices, continued
availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward-looking statements. Forward-looking statements are
based on the beliefs, estimates and opinions of the Company’s
management on the date the statements are made. Except as required
by applicable securities laws, the Company undertakes no obligation
to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors,
should change.
Neither the Canadian Securities Exchange nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.