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Hi-View Clarifies Non-Brokered Private Placement
Globenewswire· 2025-06-05 17:10
Core Viewpoint - Hi-View Resources Inc. is conducting a non-brokered private placement to raise up to $480,000 by issuing up to 4,800,000 units at a price of $0.10 per unit, which includes common shares and warrants [1][2]. Group 1: Private Placement Details - The private placement will consist of units priced at $0.10 each, with each unit comprising one common share and one warrant [2]. - Each warrant allows the holder to purchase an additional share at $0.12 for a period of 36 months from issuance [2]. - Following the placement, the total number of shares outstanding will be 9,640,060 on a non-diluted basis [2]. Group 2: Financial Allocation - The net proceeds from the private placement will be used for general corporate purposes, including payables and exploration activities on the Toodoggone Projects [3]. - A finder's fee of up to 10% may apply as per Canadian Securities Exchange regulations [3]. - All securities issued will be subject to a hold period of four months and one day as required by applicable securities legislation [3]. Group 3: Company Overview - Hi-View Resources Inc. is focused on mineral exploration in Canada, holding a 100% interest in the Babine BC Copper-Gold property and other claims in the Toodoggone region [4]. - The company's total holdings cover over 9,749 hectares, with a focus on gold, silver, and copper exploration [4].