Hi-View Announces Closing Of First Tranche Of Non-Brokered Flow Through Private Placement

Core Points - Hi-View Resources Inc. has completed the first tranche of a non-brokered flow-through private placement, raising gross proceeds of $361,670.93 by issuing 3,444,485 flow-through units at a price of $0.105 per unit [1][2] - Each flow-through unit consists of one flow-through share and one half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at C$0.30 until August 1, 2028 [2] - The proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the company's projects in Canada [2] Company Participation - A director and officer of the company acquired a total of 952,524 units in the private placement, which is classified as a related party transaction [3] - The company is relying on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3] Financial Details - Finder's fees of $710.01 in cash and 20,955 broker warrants were paid to eligible finders, with each broker warrant allowing the purchase of one additional common share at a price of $0.30 until August 1, 2028 [4] - All securities issued in the private placement are subject to a hold period of four months and one day, expiring on December 2, 2025 [5] Future Plans - The company is preparing for a second tranche of the private placement, available to certain subscribers under B.C. Instrument 45-536 [6] - The company confirms that there are no undisclosed material facts or changes regarding its operations [6] Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region of northern British Columbia, with properties covering 9,749 hectares [9] - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades [9] - Recent sampling in 2024 yielded up to 111.5 g/t gold and 2,740 g/t silver, indicating substantial exploration potential [9]