Hi-View Corporate Update
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 CORPORATE UPDATE
Vancouver, British Columbia, June 24, 2024, 2024 – Hi-View Resources Inc. (‘Hi -View' or the
‘Company’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) is pleased to announce it has received
approval from Depository Trust Company ("DTC") to make its common shares eligible for
settlement in the US under ticker symbol “ HVWRF”. Hi-View is now eligible for electronic
clearing and settlement through DTC's automated processes. DTC is a stock depository that
facilitates and manages the electronic clearing and settlement of publicly traded companies in the
United States.
The Company will be launching its summer work program in the coming weeks on its mining
properties in the Toodoggone region of northern BC, to include further rock and soil sampling,
analysis of assayed samples from the previous program, geological reports and other geological
services.
In addition, the Company intends, effective July 31, 2024, to extend the expiry date of an aggregate
of 6,000,000 outstanding common share purchase warrants (the “Warrants”) to September 30,
2025, subject to acceleration provisions described below (“Acceleration Provisions”) and further
amend the exercise price to $0.05 (the “Warrant Amendments”). The Acceleration Provisions
provide that if for any 10 consecutive trading days prior to the expiry date (a “Premium Trading
Period”) the closing price of the common shares of the Company on the CSE exceeds the amended
exercise price by an amount equal to the maximum permitted discount permitted by CSE Policy,
the expiry date of the amended warrants will be accelerated such that the amended warrants will
expire 30 days from the date which is 7 days following the 10th day of the applicable Premium
Trading Period. All other terms of the Warrants will remain unchanged. The Warrant
Amendments remains subject to acceptance by the CSE. The Warrants were originally issued
between January 27, 2022 August 2, 2023 at exercise prices between $0.10 and $0.20.
Two directors and officers of the Company, beneficially own 500,000 Warrants collectively. As a
result, the Warrant Amendment are considered to be a “related party transaction” as defined under
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions
(“MI 61-101”). The Company is relying on the exemptions from the formal valuation and minority
approval requirements found in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value
of the Warrant Amendment, insofar as it involves the two directors and officers, is not more than
25% of the Company’s market capitalization.
Furthermore, the Company has granted incentive stock options to purchase an aggregate amount
of 1,250,000 common shares at an exercise price of $0. 05 per share for a period of two (2) years
from issuance to certain directors, officers and consultants in accordance with the provisions of its
stock option plan. The grant of incentive stock options is subject to the policies of the Canadian
Securities Exchange.
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 interests in 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.