Hi-View Closes Non-Brokered Private Placement for Gross Proceeds of $480,000

Core Viewpoint - Hi-View Resources Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $480,000 by issuing 4,800,000 units at a price of $0.10 per unit [1][4]. Group 1: Private Placement Details - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at $0.12 for 36 months [2]. - The company received an exception from the requirement to obtain shareholder approval for issuing more than 100% of its issued share capital on a fully diluted basis due to financial hardship and approval from independent directors [3]. - The net proceeds will be used for general corporate purposes, including payables and exploration activities on the Toodoggone Projects [4]. Group 2: Finder's Fees and Participation - Finder's fees of 150,000 broker warrants were paid to Haywood Securities Inc., with each warrant allowing the acquisition of one additional common share at $0.12 for 36 months [5]. - No insiders of the company participated in the private placement [5]. Group 3: Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region of northern British Columbia, covering 9,749 hectares [6]. - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades, indicating strong exploration potential [6].