Hi-View Resources Inc. Announces Strategic Private Placement
VANCOUVER, British Columbia — Hi-View Resources Inc. (‘Hi-View' or the ‘Company’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) has initiated a significant non-brokered private placement aimed at raising capital for its ongoing projects. This placement is set to involve up to 4,800,000 units, with each unit priced at $0.10, promising total proceeds of up to $480,000.
Details of the Offering
The structure of each unit in this private placement will consist of one common share and a transferrable common share purchase warrant. These warrants will allow holders to acquire additional shares at a price of $0.12 each within a 36-month period post-issuance, providing an enticing opportunity for investors to increase their stake.
Involvement of Management
It is worthy to note that directors and officers of Hi-View may participate in this private placement, which classifies this activity as a ‘related party transaction’ under Multilateral Instrument 61-101. However, their participation is anticipated to bypass the formal evaluation and consent requirements typically imposed under this regulation, making it more straightforward for those involved.
Utilization of Proceeds
The funds raised through this strategic placement will primarily be allocated to exploration initiatives and essential corporate expenditures. According to the regulations set by the Canadian Securities Exchange (CSE), there may be up to 10% finder’s fees applicable, an essential aspect to consider as the Company moves forward. Additionally, all securities resulting from this placement will adhere to a four-month and one-day hold period, complying with relevant securities legislation.
About Hi-View Resources Inc.
Hi-View is dedicated to the comprehensive exploration and development of mineral resources across Canada. The Company holds an impressive 100% interest in the Babine BC Copper-Gold property, alongside interests in several other notable sites, including the Golden Stranger Property and the Lawyers East, West, South, and BEN claims. These properties reside in the Toodoggone region of northern BC, an area praised for its rich deposits of gold, silver, and copper, covering over 9,749 hectares.
Contact Information
For further information regarding this placement or inquiries about the Company, you can reach out to Hi-View Resources Inc. directly. Howard Milne, President, is open for communications via email at hdmcap@shaw.ca, or you can call (604) 377-8994. Moreover, additional information is accessible through their official website at www.hiviewresources.com.
Frequently Asked Questions
What is the purpose of Hi-View's private placement?
The purpose of the private placement is to raise capital for exploration activities and other corporate needs.
How much capital is Hi-View aiming to raise?
Hi-View is aiming to raise up to $480,000 through the issuance of up to 4,800,000 units.
What will the investors receive in the placement?
Investors will receive common shares and warrants, allowing them to purchase additional shares at a set price.
Who can participate in the private placement?
Directors and officers of Hi-View can participate, which is categorized as a related party transaction.
What are the restrictions on the securities issued?
All securities issued will be subject to a hold period of four months and one day, as per the securities regulations.
