Hi-View Resources Inc. Completes Acquisition of Zeal
LEGAL_41138713.1
HI-VIEW RESOURCES INC.
Suite 170-422 Richards Street
Vancouver, B.C. V6B 2Z4
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
HI-VIEW RESOURCES INC. COMPLETES ACQUISITION OF ZEAL
EXPLORATION
Vancouver, British Columbia, April 26, 2023 – Hi-View Resources Inc. (the “Company” or “Hi-View”)
(CSE: HVW) is pleased to announce that, further to its news release on March 31, 2023, it has completed
the acquisition (the “Acquisition”) of Zeal Exploration Inc. (“Zeal”) pursuant to the terms and conditions
of a Share Purchase Agreement dated April 26, 2023 (the “Definitive Agreement”) entered into among the
Company, Zeal, and the securityholders of Zeal.
Pursuant to the terms and conditions of the Definitive Agreement, the Company issued the following
securities to the former Zeal securityholders:
• an aggregate of 8,650,000 common shares in the capital of the Company (the “Consideration
Shares”) at a deemed price of $0.06 per Consideration Share; and
• an aggregate of 500,000 replacement warrants (the “Replacement Warrants”) exercisable into
common shares in the capital of the Company for a price of $0.20 for a period up to and including
July 14, 2025. All previously outstanding unexercised warrants to acquire common shares in the
capital of Zeal were cancelled upon closing of the Acquisition.
The Company also issued 250,000 common shares to an arm’s length finder (the “Finder”) as consideration
for the Finder introducing Zeal and the Acquisition to the Company.
Additionally, effective upon closing of the Acquisition, Robert “Nick” Horsley, the current CEO of Zeal,
was appointed to the Company’s board of directors. The board of directors of Zeal is comprised of Robert
“Nick” Horsley and Alex Horsley.
Robert “Nick” Horsley
Mr. Robert "Nick" Horsley has over 17 years of public markets experience focused on finance, investor
relations, marketing, management and merger & acquisitions. Mr. Horsley has served as a director and a
consultant to several public and private companies and has experience in a variety of industries including
mineral exploration, telecom, CPG, Esports, and technology. Mr, Horsley has been a mineral
prospector since 2008.
Alex Horsley
Mr. Alex Horsley has over 16 years of experience in the mineral exploration, mining development and the
capital markets. Alex has an extensive network of investment bankers, analysts, stockbrokers and high-net
worth investors. He was the former CEO of Emperor Metals and currently is serves as its Director of
Corporate Development. He will focus on finance, marketing and enhancing shareholder value.
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About Zeal
Zeal is a privately held Company based in Vancouver, British Columbia. Zeal holds by title or options to
acquire, the Golden Stranger Property located near the town of Smithers, British Columbia, prospective for
gold and silver. The Golden Stranger Property consists of four claim blocks of mineral claims comprising
sixteen (16) mineral claims covering an area of approximately 9,139.57 hectares.
About Hi-View
The Company’s principal business is the acquisition, exploration and development of mineral resource
properties. Its objective is to locate, define and ultimately develop economic mineral deposits. Currently,
the Company holds an option on the Ket 28 Prope rty located in south-central British Columbia in the
Greenwood District along the Canada – USA international boundary between Osoyoos and Grand Forks.
The Ket 28 Property consists of 16 contiguous mineral claims that cover an area of 3,432 hectares (8,480
acres).
For further information contact:
Hi-View Resources Inc.
Howard Milne, Chief Executive Officer
Email: [email protected]
Telephone: (604) 377-8994
FORWARD LOOKING STATEMENTS:
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities
in the United States. The securities described herein 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.
All information contained in this news release with respect to the Company and Zeal was supplied by the
parties, respectively, for inclusion herein, and the Company and its respective directors and officers have
relied on Zeal for any information concerning such party.
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 simila r
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
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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.