Hi-View Stakes Additional Toodoggone Ground and Closes Financing
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 STAKES ADDITIONAL TOODOGGONE GROUND
AND CLOSES FINANCING
Vancouver, British Columbia, August 3, 2023 – Hi-View Resources Inc. ( “Hi-View” or the
“Company”') (CSE: “HVW”; FSE:”B63” ) announces that it has staked an additional 1,681.7
hectares contiguous with its Golden Stranger and Lawyers Group projects. The newly acquired
ground contains portions of the Toodoggone Volcanics Metsantan members of Jurassic age and
early Jurassic intrusives as well the western sections contain the Sustut group of mid to upper
cretaceous age geological formations. The Toodoggone Volcanics formation is the underlying
geology of not only the Golden Stranger but large sections of Benchmark’s Lawyers Project and
Thesis Gold’s Ranch property.
The Company now has a total of 10,821 hectare s and will evaluate what if any historic work has
taken place in the newly acquired claims.
The Company has now closed the non-brokered private placement financing of 750,000 units (the
"Units"), at a price of $0.10 per Unit for gross proceeds of $75,000 and 200,000 flow-through units
(the “FT Units”), at a price of $0.125 per FT Unit for gross proceeds of $25,000 (the “Offering”).
The Units issued consist of one common share of the Company and one common share purchase
warrant ("Warrant"). The Flow Through Units consist of one flow -through common share of the
Company and one flow-through warrant (the “FT Warrant”).
The Warrants issued pursuant to the Offering entitle the holder to purchase one additional common
share of the Company at a price of $0.125 per share on or before August 2, 2024. The FT Warrants
entitle the holder to purchase one additional common share (the “FT Warrant Share”) at a price of
$0.15 per share on or before August 2, 2024.
In the Offering, the Company paid cash finder’s fees of $2,500 to a qualified finder. Hi-View will
use the net proceeds from the Offerings for exploration on the Golden Stranger and Lawyers Group
properties, for marketing and for general corporate purposes. The securities issued pursuant to the
Offering are subject to a statutory hold period of four months plus one day.
In addition, the Company has settled $28,750 of debt of its subsidiary, Zeal Exploration Inc. to 3
creditors through the issuance of 287,500 common shares of Hi-View at a deemed price of $0.10
per share (“Debt Settlement”). The Hi-View shares to be issued pursuant to the Debt Settlement
are subject to a statutory hold period of four months plus one day.
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About Hi-View
The principal business is the acquisition, exploration and development of mineral resource
properties. Its objective is to locate, define and ultimately develop economic mineral deposits. Zeal
Exploration is a wholly -owned subsidiary which holds several claims together with options to
acquire the Golden Stranger Property and the Lawyers West, East and North projects, all located
in the Toodoggone region of British Columbia prospective for gold, silver, and copper. The
collective holdings cover an approximat e 10,821 hectares. Additionally, the Company holds an
option on the Ket 28 Property located in south-central British Columbia in the Greenwood District.
The Ket 28 Property covers an area of 3,432 hectares.
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 securi ties 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.
This news release includes certa in 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 di ffer 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 fut ure 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 stateme nts 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.