Hi-View Announces Non-Brokered Private Placement
VANCOUVER, British Columbia, May 28, 2025 (GLOBE NEWSWIRE) — HI-VIEW RESOURCES INC. (‘HI-VIEW’ OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) announces a non-brokered private placement of up to 4,800,000 units (each a “Unit”) at a price of $0.10 per Unit for gross proceeds of up to $480,000 (the “Private Placement”).
Each Unit will consist of one common share (each, a “Share”) and one transferrable common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.12 per Share for a period of 36 months from the date of issuance.
Directors and officers of the Company may acquire securities under the Private Placement, which will be considered a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
The net proceeds from the Placement will be allocated towards exploration activities and for general corporate purposes. In accordance with the regulations of the Canadian Securities Exchange (“CSE”), an up to 10% finder’s fees may be applicable. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day as required under applicable securities legislation.
About Hi-View Resources Inc.
Hi-View is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada. The Company, through its subsidiary, holds a 100% interest in the Babine BC Copper-Gold property as well as interests in the Golden Stranger Property and the Lawyers East, West, South and BEN claims, located in the prolific Toodoggone region of northern BC, highly prospective for gold, silver, and copper. The collective holdings cover over 9,749 hectares.
On Behalf of the Board of Directors,
“R. Nick Horsley”
R. Nick Horsley, CEO
For further information, please contact:
Hi-View Resources Inc.
Howard Milne – President
Email: hdmcap@shaw.ca
Telephone: (604) 377-8994
Website: 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.