Financings

Hi-View Closes Non-Brokered Private Placements

By The Northwire Desk — AI Analysis Mar 23, 2026 · 17:20 GXLD · 0.3 Hi-View Resources Inc.

GXLD · Price

Hi‑View Resources Inc. closed two non‑brokered private placements raising a total of $4,183,098.42 in gross proceeds.
The first placement issued 6,574,999 units at $0.30 per unit (including common shares and half warrants); the second placed 6,140,552 flow‑through shares at $0.36 per share.
Proceeds will fund general working capital and eligible Canadian exploration expenses on the Toodoggone projects, with FT proceeds earmarked for renounced flow‑through tax benefits effective Dec 31 2026.

Unit Placement: 6,574,999 units @ $0.30/unit → $1,972,499.70 gross proceeds.
Each unit = 1 common share + ½ transferable common share purchase warrant.
Whole warrant allows purchase of one additional share at $0.45 for 24 months from issuance.
Flow‑Through Share Placement: 6,140,552 FT shares @ $0.36/share → $2,210,598.72 gross proceeds.
Proceeds to be used for eligible Canadian exploration expenses qualifying as “flow‑through critical mineral mining expenditures.”
Tax benefits (renunciation) to be transferred to subscribers effective Dec 31 2026.
Use of Proceeds:
General working capital (unit proceeds).
Exploration on the Toodoggone projects in British Columbia (FT proceeds).
Related‑Party Participation: Directors and officers acquired securities under the placements; transaction exempt from formal valuation and minority shareholder approval per MI 61‑101.
Finder’s Fees & Broker Warrants:
Aggregate cash finder fees paid: $194,195.90.
Total broker warrants issued: 578,432, each exercisable for two years at $0.45 per share.
Closing Dates: Both private placements are reported as closed on the announcement date (March 23 2026).

“R. Nick Horsley, CEO” – signatory on behalf of the Board of Directors. (No direct quote provided in the release.)

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