Hi-View Resources Enhances Leadership with New Advisor
VANCOUVER, British Columbia – HI-VIEW RESOURCES INC. (‘HI-VIEW' OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) is excited to announce the appointment of Mr. Arif Merali, CSC, CPH, as a strategic advisor. This addition reflects the company’s commitment to strengthening its leadership during a dynamic period for the firm.
Mr. Merali brings over 30 years of extensive experience in the technology and natural resource industries. His notable credentials include a directorship with Bessor Minerals and previous involvement with CMC Metals Ltd. Additionally, he served as an investment advisor at Canaccord Capital, showcasing his expertise in navigating complex markets.
CEO Robert Nick Horsley shared, “We are thrilled to welcome Mr. Merali as we embark on this exciting phase at Hi-View. His wealth of experience will bolster our capacity to access capital and expand our business network.”
Details of the Private Placement Offering
In conjunction with this strategic appointment, the Company is also launching a non-brokered private placement aiming to raise up to $250,000 by issuing 5,000,000 units at a price of $0.05 per Unit. Each unit comprises one common share and a share purchase warrant. Investors should note that each warrant allows the holder to purchase an additional share at a price of CAD$0.10, exercisable over a 24-month period post-closing.
These funds will be directed towards general working capital, investor relations, and marketing initiatives. The offering will require approval from the Canadian Securities Exchange and will impose a statutory holding period of four months plus one day from the issuance date, consistent with Canadian securities regulations.
Qualified finders involved with the offering may receive an 8% cash finder’s fee and an additional 8% in non-transferable share purchase warrants. These warrants will similarly grant access to purchase shares at a price of $0.10 for 24 months following the offering's conclusion.
Participation from Insiders and Future Prospects
Insiders are expected to partake in the offering, which may qualify as a related party transaction under Multilateral Instrument 61-101. The Company intends to apply for exemptions regarding formal valuations and minority approval requirements under this regulation.
During a recent statement, CEO Robert Nick Horsley remarked, “The current surge in gold prices, alongside the high demand for copper—a crucial metal for green energy transitions—presents a unique opportunity. We are well-positioned to advance our exploration efforts in the Toodoggone region based on recent significant sampling discoveries.”
Notably, neighboring Thesis Gold Inc. (CNSX: TAU) successfully secured $10 million through a brokered private placement and is set to commence drilling to enhance its existing resources. This indicates the potential growth and competitive environment in the vicinity.
Looking forward, Hi-View is gearing up for an active exploration season in 2025, focusing on newly acquired properties including the Babine Gold and Copper project, in addition to ongoing Gold-Silver initiatives within the prolific Toodoggone terrain.
Planning efforts are underway for an upcoming exploration program on Hi-View’s 9,175 Hectare Golden Stranger Project and associated claims which are strategically located in British Columbia's Toodoggone-Kemess porphyry Cu-Au region.
Exploring New Opportunities
Hi-View’s holdings are situated adjacent to Thesis Gold Inc. which boasts significant drilling successes in gold equivalent resources. This includes substantial reports of 4.0 million ounces of gold equivalent at impressiveore grades. Additionally, their properties enhance the strategic position of Hi-View’s holdings in the resource-rich Toodoggone region.
Moreover, the Company’s assets are positioned close to Amarc Resources’ JOY Copper-Gold district project, which has also announced significant drilling results, particularly around their AuRORA target area.
Quality Assurance and Controls
The integrity of sampling results conducted by Hi-View Resources is upheld through rigorous analysis, managed by ALS Global Laboratories in Vancouver, accredited under ISO/IEC standards. The exploration procedures are administered by qualified personnel ensuring a secure and transparent chain of custody throughout the process.
The technical content disclosed in this release has been carefully reviewed by Michael Dufresne, M.Sc., P.Geol., a Qualified Person as defined by National Instrument (NI) 43-101, ensuring compliance and credibility in the Company’s disclosures.
About Hi-View Resources Inc.
Hi-View is a dedicated mineral exploration company focused on acquiring, exploring, and developing mineral properties in Canada. The firm maintains a robust portfolio that includes the newly acquired Babine Copper-Gold property and various other interests located in the promising Toodoggone region, covering an expansive area of 9,749 hectares.
On behalf of the Board of Directors,
“R. Nick Horsley”
R. Nick Horsley, CEO
For further information, please contact:
Hi-View Resources Inc.
Howard Milne - President
Email: hdmcap@shaw.ca
Telephone: (604) 377-8994
Website: www.hiviewresources.com
Frequently Asked Questions
What recent appointment did Hi-View Resources announce?
Hi-View Resources appointed Mr. Arif Merali as a strategic advisor to strengthen its leadership team during an impactful phase.
What is the purpose of the recent private placement announced by Hi-View?
The company aims to raise up to $250,000 for general working capital, marketing, and investor relations through the issuance of new units.
What are the terms of the units offered in the private placement?
The units will consist of one common share and one warrant, with each warrant allowing the purchase of an additional share at CAD$0.10 for 24 months.
How has Hi-View Resources positioned itself in the current market?
The company is strategically positioned to explore and develop its properties amid rising gold prices and increased demand for copper, especially in the context of green energy.
What mining projects does Hi-View Resources have in its portfolio?
Hi-View has multiple projects in the Toodoggone region, including the Babine Copper-Gold property and Golden Stranger Project, covering a total of 9,749 hectares.
