VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) 鈥 HI-VIEW RESOURCES INC. (鈥楬I-VIEW鈥 OR THE 鈥楥OMPANY鈥) (CSE: HVW; OTCQB: HVWRF; FSE: B63) announces that further to its news releases dated May 28th and June 3rd, 2025, the Company has closed its non-brokered private placement consisting of 4,800,000 units (each a 鈥淯nit鈥) at a price of $0.10 per Unit for gross proceeds of $480,000 (the 鈥淧rivate Placement鈥).
Each Unit consists of one common share (each, a 鈥淪hare鈥) and one transferrable common share purchase warrant (each, a 鈥淲arrant鈥). 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.
The Company relied on the exception set out in Section 4.6(2)(b) of CSE Policy 4 鈥 Corporate Governance, Security Holder Approvals and Miscellaneous Provisions (the 鈥淧olicy鈥) with respect to the requirement to obtain shareholder approval of such transaction whereby the Company is issuing more than 100% of its issued share capital on a fully diluted basis (relating to the Private Placement warrants). The Company applied and was granted by the CSE the exception from shareholder approval based on the following: The Company is in financial hardship, has reached an agreement to complete the offering, no related persons as defined in Policy 1 will participate in the transaction; and has been approved by the majority of the independent directors of the Company.
The net proceeds from the Placement will be allocated towards general corporate purposes including arm鈥檚 length payables, and exploration activities on its Toodoggone Projects. 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.
Finder鈥檚 fees of 150,000 broker warrants were paid to Haywood Securities Inc. Each broker warrant entitles its holder thereof to acquire one additional Common Share at a price of $0.12, for a period of 36 months from the closing date of the Private Placement.
No insiders of the Company were allowed to participate in the Private Placement.
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. Its 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鈥檚 official website or recent filings on SEDAR.
On Behalf of the Board of Directors,
鈥淩. Nick Horsley鈥漅. Nick Horsley, CEO
For further information, please contact:
Hi-View Resources Inc.Howard Milne 鈥 PresidentEmail: [email protected]Telephone: (604) 377-8994Website: www.hiviewresources.com
FORWARD LOOKING STATEMENTS:
This news release includes certain statements that may be deemed 鈥渇orward-looking statements鈥. 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 鈥渆xpects鈥, 鈥減lans鈥, 鈥渁nticipates鈥, 鈥渂elieves鈥, 鈥渋ntends鈥, 鈥渆stimates鈥, 鈥減rojects鈥, 鈥減otential鈥 and similar expressions, or that events or conditions 鈥渨ill鈥, 鈥渨ould鈥, 鈥渕ay鈥, 鈥渃ould鈥 or 鈥渟hould鈥 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鈥檚 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鈥檚 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.