.jpg)
6 hours ago
1
Article content
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) — HI-VIEW RESOURCES INC. (‘HI-VIEW’ OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) announces that further to its news releases dated May 28th and June 3rd, 2025, the Company has closed its non-brokered private placement consisting of 4,800,000 units (each a “Unit”) at a price of $0.10 per Unit for gross proceeds of $480,000 (the “Private Placement”).
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Each Unit consists of one common share (each, a “Share“) and one transferrable common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.12 per Share for a period of 36 months from the date of issuance.
Article content
Article content
Article content
The Company relied on the exception set out in Section 4.6(2)(b) of CSE Policy 4 – Corporate Governance, Security Holder Approvals and Miscellaneous Provisions (the “Policy“) with respect to the requirement to obtain shareholder approval of such transaction whereby the Company is issuing more than 100% of its issued share capital on a fully diluted basis (relating to the Private Placement warrants). The Company applied and was granted by the CSE the exception from shareholder approval based on the following: The Company is in financial hardship, has reached an agreement to complete the offering, no related persons as defined in Policy 1 will participate in the transaction; and has been approved by the majority of the independent directors of the Company.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The net proceeds from the Placement will be allocated towards general corporate purposes including arm’s length payables, and exploration activities on its Toodoggone Projects. All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day as required under applicable securities legislation.
Article content
Article content
Finder’s fees of 150,000 broker warrants were paid to Haywood Securities Inc. Each broker warrant entitles its holder thereof to acquire one additional Common Share at a price of $0.12, for a period of 36 months from the closing date of the Private Placement.
Article content
No insiders of the Company were allowed to participate in the Private Placement.
Article content
About Hi-View Resources Inc.
Article content
Hi-View Resources Inc. is a mineral exploration company targeting gold, silver, and copper in the Toodoggone region of northern British Columbia, Canada. Its properties span 9,749 hectares, including the Golden Stranger Property (2,669 hectares) and the Lawyers East, West, and South claims. The Golden Stranger project is fully permitted with 45 drill-ready sites. Historical drilling highlights include 10 meters at 11.55 g/t gold, and a pre-NI 43-101 estimate (non-compliant) of 498,905 tonnes at 2.74 g/t gold. In 2024, sampling yielded up to 111.5 g/t gold and 2,740 g/t silver, with new mineralized zones identified 1.3 km from the main showings, indicating significant exploration potential. For further details, check Hi-View’s official website or recent filings on SEDAR.
English (US)