Core Viewpoint - Hi-View Resources Inc. plans to consolidate its common shares on an 8-old-for-1-new share basis to attract capital for the development of its Toodoggone holdings [1][3]. Share Consolidation Details - The current outstanding shares will be reduced to approximately 4,840,060 post-consolidation shares, with no fractional shares issued [2]. - Fractional shares less than one-half will be canceled, while those at least one-half will be rounded up to the nearest whole share [2]. - The exercise or conversion price of outstanding stock options and convertible instruments will be proportionately adjusted [2]. Strategic Rationale - The CEO of Hi-View emphasizes the need for significant investment in the nearly 10,000-hectare Toodoggone land package, which has seen less than 1% explored through drilling [3]. - The Board believes the consolidation is necessary for better positioning the company for future corporate development and financing opportunities [3]. Timeline and Trading Information - The record date for the consolidation is set for May 28, 2025, with trading of post-consolidated shares expected to commence on or about the same date, pending final approval [4]. - The company's name and stock symbol will remain unchanged following the consolidation [4]. Company Overview - Hi-View Resources Inc. is focused on the acquisition, exploration, and development of mineral properties in Canada, holding a 100% interest in the Babine BC Copper-Gold property and interests in several other claims in the Toodoggone region [5].
Hi-View Resources Corporate Update
Globenewswireยท2025-05-16 21:36