VANCOUVER, British Columbia, May 27, 2024 (GLOBE NEWSWIRE) -- 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, CEO
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.
