Hi-View Closes First 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 FIRST TRANCHE OF
PRIVATE PLACEMENT FINANCING
Vancouver, British Columbia, May 27, 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 dated April 30, 2024 on the offering of up to 10,000,000 units at $0.022 each
(the “Offering”), it has now closed the first tranche of the non-brokered private placement Offering
of 4,841,454 units (the "Units"), at a price of $0.022 per Unit for gross proceeds of $ 106,511.99
(the “First 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 First Tranche entitle the holder to
purchase one additional common share of the Company at a price of $0.05 per share on or before
May 24, 2026, subject to certain acceleration provisions.
In the First Tranche, the Company paid cash finder’s fees of $ 6,832 and issued 310,545 finder’s
warrants (the “Finder’s Warrants”) to a qualified finder . The Finder’s Warrants have the same
terms as the Warrants described above.
Hi-View will use the net proceeds from the First Tranche for exploration and geological expenses,
mineral property option payments and working capital.
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 9,139 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 similar
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 pe rformance 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 capi tal 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
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.