Hi-View Resources Inc. Enters Letter of Intent
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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. ENTERS LETTER OF INTENT
Vancouver, British Columbia, March 30, 2023 – Hi-View Resources Inc. (the “Company” or “Hi-View”)
(CSE: HVW) is pleased to announce that it has entered into a letter of intent (the “Letter of Intent”) with
Zeal Exploration Inc. (“Zeal”) which sets out the basic terms and conditions for the acquisition by the
Company of Zeal, which holds interests in the Golden Stranger Property in Northern British Columbia (the
“Transaction”).
Proposed Transaction
Acquisition
The Letter of Intent contemplates that the Company will acquire all of the outstanding common shares of
Zeal (the “Zeal Shares”) by issuing (i) 8,650,000 common shares of the Company (“Hi-View Shares”) at a
deemed price of $0.06 per Hi-View Share, and (ii) 500,000 Hi-View Share purchase warrants, each
exercisable at $0.30.
The Letter of Intent sets out certain terms and conditions pursuant to which the Transaction will be
completed. The Transaction remains subject to certain closing conditions including, without limitation, (a)
the completion of customary due diligence, (b) the negotiation and execution of a definitive agreement
within 30 days, and (c) the receipt of all required regulatory and third party approvals and, if applicable,
the approval of the shareholders of Zeal. There can be no guarantees that the Transaction will be completed
as contemplated or at all.
All securities issued in the Transaction will be issued under prospectus exemptions pursuant to National
Instrument 45-106 – Prospectus Exemptions of the Canadian Securities Administrators and may be subject
to an applicable statutory hold period along with any escrow restrictions imposed under applicable
securities laws.
Board Appointment
In connection with the closing of the Transaction, the Company will appoint Robert Nicholas Horsley, the
current CEO of Zeal, to its board of directors.
Finder’s Fee
Pursuant to the terms of the Letter of Intent, the Company will pay a finder’s fee of 250,000 Hi-View Shares
to an arm’s length finder upon completion of the Transaction.
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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 Property 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.
Completion of the Transaction is subject to a number of conditions, including the receipt of appropriate
regulatory approvals. The Transaction cannot close until all such conditions are satisfied. There can be no
assurance that the Transaction will be completed as proposed or at all.
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 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 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 condition s.
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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 belief s, 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.