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THIS PRESS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISTRIBUTION IN THE UNITED STATES
VANCOUVER, British Columbia, April 30, 2024 (GLOBE NEWSWIRE) — Hi-View Resources Inc. (“Hi-View” or the “Company”) (CSE: HVW; OTCQB: HVWRF; FSE: B63) is pleased to announce that it is launching a non-brokered private placement of up to 10,000,000 Units (the “units“), at a price of $0.022 per Unit for gross proceeds of up to $220,000 (the “Offer“). The Units consist of one common share in the capital of the Company (“Share”) and one share purchase warrant (“Share”).Warranty“). Each Warrant may be exercised by the warrant holder to purchase one (1) additional Share at a price of $0.05 for a period of 24 months from the closing of the Offering (“Deadline“), subject to an acceleration clause pursuant to which the Company may, in its sole discretion, give written notice if the closing price of the Company’s shares is greater than $0.08 for ten consecutive trading days on the Canadian Securities Exchange (The “Acceleration notice) to the holders of the Warrants that the Warrants will expire at 5:00 p.m. (Vancouver time) on the day that is 30 days after the date of the acceleration notice (the “Accelerated expiration time“). In such cases, any Warrants not exercised prior to the Accelerated Expiration Time will expire at the Accelerated Expiration Time.
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Hi-View will use the net proceeds from the offering for exploration and geological expenses, mineral property option payments and working capital.
In connection with the Offering, the Company may pay qualified agents a 10% cash finder’s fee and a 10% finder’s fee in the form of non-transferable share purchase warrants. Each Warrant entitles the holder thereof to purchase one Share at a price of $0.05 per Share for a period of 24 months following the closing of the Offering, subject to the acceleration clause described above.
The company may choose to complete the offering in one or more tranches. Company insiders are expected to participate in the offering. The participation of Company Insiders in the Offer constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.MI 61-101“). The Company intends to rely on the exemption from the formal evaluation 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 pursuant to Section 5.6 of MI 61-101 pursuant to Subsection 5.7 (1)(a) of MI 61-101.
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The issuance of securities in connection with this offering is subject to the approval of the Canadian Securities Exchange and the securities will be subject to a statutory hold period of four months plus one day from the date of issuance under applicable Canadian securities laws.
About Hi View
Hi-View is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the United States. The Company, through its subsidiary, holds options to acquire the Golden Stranger property and the Lawyers West, East, South projects and direct staking claims, all located in the Toodoggone region of northern British Columbia and prospective for gold, silver and copper are . The total property covers 9,139 hectares.
Contact:
Hi-View Resources Inc.
Howard Milne, CEO
Email: [email protected]
Phone: 604-377-8994
Website: www.hiviewresources.com
FORWARD LOOKING STATEMENTS:
This press release contains certain statements that may be deemed “forward-looking statements.” All statements in this new press release, other than statements of historical fact, 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 press release include statements relating to the proposed transaction and related matters. Although the Company believes that the expectations reflected 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 reflected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, the continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that such statements are not guarantees of future performance and that 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 management as of the date such statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements should management’s beliefs, estimates or opinions, or other factors, change.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
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