Hi-View Resources Announces Completion of Private Placement
Hi-View Resources Inc. (CSE: HVW; OTCQB: HVWRF; FSE: B63) is excited to share the completion of a recent private placement, having successfully closed the offering of 5,000,000 units priced at $0.02 each, raising a total of $100,000. Each unit comprises one common share and one common share purchase warrant, allowing holders to buy additional shares at $0.05 within a set timeframe.
Use of Proceeds from the Offering
The funds generated from this offering will be directed towards general working capital efforts. Notably, two directors within the company acquired 750,000 units during this placement, indicating a strong internal commitment to the company's potential.
Compliance with Related Party Transactions
Participation by insiders in the offering classifies it as a related party transaction under regulatory instruments put forth to protect minority shareholders. However, the company is relying on exemptions concerning formal valuation and minority approval. This action ensures compliance while fostering a supportive internal investment climate.
Exploration and Sampling Progress
Hi-View's President and CEO, Howard Milne, expressed optimism regarding the ongoing exploration programs at their Golden Stranger property due to rising gold prices. This significant property is situated in a renowned gold and silver region in British Columbia, where Hi-View plans an extensive exploration program for the following year to further investigate the new gold anomalies discovered.
Recent Discoveries at Golden Stranger
The company has recently identified several anomalous gold zones through a thorough exploration program that encompassed their claims in the prolific "Golden Horseshoe" area of British Columbia. These claims are adjacent to Thesis Gold Inc.’s noteworthy Lawyers-Ranch Project, which has reported meaningful drilling results.
2023 Exploration Efforts Overview
Throughout 2023, Hi-View undertook significant work on 389 sites within the Golden Stranger claims, including constructing a helicopter pad to facilitate further exploration activities. Historical drilling records from two decades back exhibited promising mineralization trends, encouraging further investigations using modern techniques, including a detailed airborne magnetics survey that pinpointed magnetic anomalies.
Soil and Rock Sampling Results
In the last fall’s soil survey, 419 sampling sites were examined, revealing 335 results, with several samples highlighting significant gold concentrations. The program also saw rock grab samples indicating high gold and silver grades, particularly near the primary showing area. These positive findings pave the way for mapping, prospecting, and assessing both historical and newly discovered mineral zones.
Geological Insights and Future Work
The geological team identified several areas with anomalous gold signatures, necessitating further mapping and sampling efforts. Observations of hydrothermal breccias and alteration patterns provide insight into the mineralization processes occurring within the area, which resemble conditions noted at nearby exploration sites.
Technical Oversight and Company Vision
The technical aspects of this update have been reviewed by Michael B. Dufresne, ensuring that Hi-View’s disclosures meet high safety and transparency standards. With ongoing commitment, Hi-View Resources aims to expand its exploration footprint and enhance its mineral property portfolio within Canada and the USA.
About Hi-View Resources
Hi-View Resources Inc. is dedicated to the acquisition and development of mineral properties across Canada and the USA, focusing on gold, silver, and copper projects. The company is actively exploring the Golden Stranger and Lawyers claims, which collectively span over 9,140 hectares, highlighting its extensive potential for future discoveries.
Contact Information
For further inquiries, reach out to Hi-View Resources Inc. CEO, Howard Milne, via email at hdmcap@shaw.ca or call (604) 377-8994. For more information, visit the official site at www.hiviewresources.com.
Frequently Asked Questions
What is Hi-View Resources Inc.?
Hi-View Resources Inc. is a mineral exploration company that focuses on gold and silver properties in Canada and the USA.
How much was raised from the recent private placement?
The private placement raised a total of $100,000 through the sale of 5,000,000 units.
What are the future plans for Hi-View Resources?
The company aims to expand its exploration activities at the Golden Stranger property and other claims, focusing on gold and silver resources.
Who approved the technical content shared in this release?
The technical content was reviewed and approved by Michael B. Dufresne, a Qualified Person under National Instrument 43-101.
How can I contact Hi-View Resources for further information?
You can contact Hi-View Resources by emailing hdmcap@shaw.ca or by calling (604) 377-8994.
