Hi-View Announces Closing Of First Tranche Of Non-Brokered Flow Through Private Placement
(TheNewswire)
VANCOUVER, BRITISH COLUMBIA, AUGUST
1, 2025 – TheNewswire
- HI-VIEW RESOURCES INC.
(‘HI-VIEW' OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE:
B63) announces today that pursuant to its news
release dated July 10, 2025, the Company has close the first tranche of its non-brokered flow through private
placement consisting of 3,444,485 flow through units (the
“FT Units”) at a price of $0.105 per FT Unit for gross proceeds of
$361,670.93 (the “Private
Placement”).
Each FT Unit consists of one (1) flow-through share of
the Company (each, a “FT Share”) issued as a “flow-through share” within the meaning
of the Income Tax
Act (Canada) and one half of one common share
purchase warrant (each, a “Warrant”). Each whole Warrant entitles the
holder thereof to purchase one Common Share at a price of C$0.30 until
5.00pm (Vancouver Time) on or before August 1, 2028, subject to
an acceleration provision whereby if the closing price of the
Issuer’s Shares is greater than $0.50 for a minimum
period of 10 consecutive trading days on the CSE, then the Company
may, in its sole discretion, elect to provide written notice to the
holders of the Warrants that the Warrants will expire at 5:00
p.m.(Vancouver time) on the date that is 30 days from the date of the
written notice
The gross proceeds from the sale of the FT Shares will
be used by the Company to incur eligible “Canadian exploration
expenses” that will qualify as “flow-through mining
expenditures” as such terms are defined in the Income Tax Act (Canada) related to the Company’s projects in
Canada.
A director and officer and an officer of the Company, acquired
directly and indirectly, an aggregate of 952,524 Units in the Private
Placement. Participation of insiders of the Company in the Offering
constitutes a related party transaction as defined under Multilateral
Instrument 61-101 – Protection of
Minority Security Holders in Special Transactions (“MI 61-101”). The Company is
relying on the exemption from the formal valuation requirements of
Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101
and the exemption from the minority approval requirements of Section
5.6 of MI 61-101 pursuant to Subsection 5.7(1)(a) of MI 61-101. The
securities issued pursuant to the Offering are subject to a statutory
hold period of four months plus one day.
Finder's fees of $710.01 cash and 20,955 broker
warrants were paid to certain eligible finders in connection with
applicable securities laws and Canadian Securities Exchange policies.
Each broker warrant entitles the holder thereof to acquire one
additional Common Share at a price of $0.30 until 5.00pm (Vancouver Time) on or before August 1,
2028.
All securities issued pursuant to the Private Placement
are subject to a hold period of four months and one day as required
under applicable securities legislation which expires on December 2,
2025.
In addition, the Company is
making the second tranche of the private placement available to
certain subscribers pursuant to B.C. Instrument 45-536 - Exemption
Form Prospectus Requirement for Certain Distributions Through an
Investment Dealer and the corresponding blanket orders and rules in
other Canadian jurisdictions. In accordance with the requirements of
the investment dealer exemption, the Company confirms that there is no
material fact or material change about the Company that has not been
generally disclosed.
This news release does not constitute an offer to sell
or a solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
About Hi-View Resources Inc.
Hi-View Resources Inc. is a mineral exploration company
targeting gold, silver, and copper in the Toodoggone region of
northern British Columbia, Canada. It’s 100% owned properties span
9,749 hectares, including the Golden Stranger Property (2,669
hectares) and the Lawyers East, West, and South claims. The Golden
Stranger project is fully permitted with 45 drill-ready sites.
Historical drilling highlights include 10 meters at 11.55 g/t gold,
and a pre-NI 43-101 estimate (non-compliant) of 498,905 tonnes at 2.74
g/t gold. In 2024, sampling yielded up to 111.5 g/t gold and 2,740 g/t
silver, with new mineralized zones identified 1.3 km from the main
showings, indicating significant exploration potential. For further
details, check Hi-View’s official website or recent filings on
SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors,
“R. Nick Horsley”
R. Nick Horsley, CEO
For further information, pleasecontact:
Hi-View Resources Inc.
Howard Milne - President
Email: info@hiviewresources.com
Telephone: (604) 377-8994
Website: www.hiviewresources.com
FORWARD LOOKING STATEMENTS:
This news release includes certainstatements that may be deemed “forward-looking statements”. Allstatements in this new release, other than statements of historicalfacts, that address events or developments that the Company expects tooccur, are forward-looking statements. Forward-looking statements arestatements that are not historical facts and are generally, but notalways, identified by the words “expects”, “plans”,“anticipates”, “believes”, “intends”, “estimates”,“projects”, “potential” and similar expressions, or thatevents or conditions “will”, “would”, “may”, “could”or “should” occur. Forward-looking statements in this newsrelease includes statements related to the proposed Transaction andrelated matters. Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results may differ materially from those in theforward-looking statements. Factors that could cause the actualresults to differ materially from those in forward-looking statementsinclude market prices, continued availability of capital andfinancing, and general economic, market or business conditions.Investors are cautioned that any such statements are not guarantees offuture performance and actual results or developments may differmaterially from those projected in the forward-looking statements.Forward-looking statements are based on the beliefs, estimates andopinions of the Company’s management on the date the statements aremade. Except as required by applicable securities laws, the Companyundertakes no obligation to update these forward-looking statements inthe event that management's beliefs, estimates or opinions, or otherfactors, should change.
Neither the Canadian SecuritiesExchange nor its Regulation Services Provider accepts responsibilityfor the adequacy or accuracy of this release.
1,2 AuEq in Thesis News Releasedated Spetember5th, 2024 is defined in the mineral resources as beingAu=Ag/80.
Copyright (c) 2025 TheNewswire - All rights reserved.
