Hi-View Closes Final Tranche of Private Placement Financing
Hi-View Resources Inc. Phone: 604-377-8994
Suite 170 – 422 Richards Street www.hiviewresources.com
Vancouver, British Columbia, V6B 2Z4
NEWS RELEASE
HI-VIEW CLOSES FINAL TRANCHE OF
PRIVATE PLACEMENT FINANCING
Vancouver, British Columbia, June 11, 2024, 2024 – 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 s dated April 30, 2024 and May 27, 2024 on the offering of up to 10,000,000
units at $0.022 each (the “Offering”) , it has now closed the second and final tranche of the non-
brokered private placement Offering of 750,000 units (the "Units"), at a price of $0. 022 per Unit
for gross proceeds of $16,500.00 (the “Second and Final 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 Second and Final Tranche entitle the
holder to purchase one additional common share of the Company at a price of $0. 05 per share on
or before June 11, 2026, subject to certain acceleration provisions.
Hi-View will use the net proceeds from the Second and Final Tranche for exploration and
geological expenses, mineral property option payments and working capital.
As a subscriber to the Second and Final Tranche closing of the private placement, a director and
officer of the Company, acquired directly, 250,000 Units. Participation of insiders of the Company
in the Offering will constitute a related party transaction as defined under 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 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.
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 10,821
hectares.
Contact:
Hi-View Resources Inc.
Howard Milne, CEO
Email: [email protected]
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 simil ar
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 coul d 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 stat ements 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.