Hi-View Announces Closing of the Final Tranche of the Non-Brokered Private Placement

Executive Summary

• Hi‑View Resources closed the second and final tranche of its non‑brokered private placement, issuing 3,875,000 units at $0.20 per unit for gross proceeds of $775,000.
• The placement was oversubscribed by an additional $100,600, indicating strong investor interest.
• Proceeds will be used for general corporate purposes, including payment of arm‑length payables; the company also settled related‑party debt by issuing 730,808 common shares at $0.20 per share.

Key Details

• Units sold: 3,875,000 units (each unit = 1 common share + 1 transferable common share purchase warrant).
• Price per unit: $0.20.
• Gross proceeds: $775,000; oversubscription amount: $100,600.
• Warrant terms: Two warrants per unit to purchase one additional share at $0.30 per share for 24 months from issuance.
• Finder’s fees paid: $44,240.
• Broker Warrants issued: 221,200 broker warrants (each conferring the right to acquire one common share at $0.30 for 24 months).
• Statutory hold period: All securities subject to a four‑month‑and‑one‑day hold period under applicable securities legislation.
• Debt settlement: Issued 730,808 common shares at $0.20 per share to settle $146,161.60 of related‑party debt.
• Use of proceeds: General corporate purposes, including payment of arm’s‑length payables.

Notable Quotes

“We are pleased to have successfully closed the final tranche of our private placement, which provides us with additional capital to advance our exploration programs and meet our working capital needs.” – R. Nick Horsley, CEO & President

Materiality Assessment: Non‑Material – Positive (the financing is modest relative to typical industry funding levels but represents a positive infusion of capital).