Hi-View Resources closes private placements

Executive Summary

• Hi-View Resources Inc. has closed two non-brokered private placements, raising a combined total of approximately $4.18 million in gross proceeds.
• The first placement involved the issuance of 6,574,999 units at 30 cents per unit, consisting of common shares and warrants.
• The second placement involved the issuance of 6,140,552 flow-through shares at 36 cents per share, with proceeds designated for eligible Canadian exploration expenses on the Toodoggone projects.

Key Details

• Non-Brokered Private Placement (Units):
  • Quantity: 6,574,999 units.
  • Price: 30 cents per unit.
  • Gross Proceeds: $1,972,499.70.
  • Composition: Each unit consists of one common share and one-half of one transferable common share purchase warrant.
  • Warrant Terms: Each whole warrant entitles the holder to purchase one additional share at 45 cents per share for a period of 24 months from issuance.
  • Use of Proceeds: General working capital expenditures.
• Non-Brokered Private Placement (Flow-Through Shares):
  • Quantity: 6,140,552 flow-through (FT) shares.
  • Price: 36 cents per share.
  • Gross Proceeds: $2,210,598.72.
  • Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures under the Income Tax Act (Canada).
  • Renunciation: All qualifying expenditures will be renounced in favor of subscribers effective Dec. 31, 2026.
  • Project Focus: Exploration on the Toodoggone projects in British Columbia.
• Related Party Transaction:
  • Directors and officers of the company acquired securities under the private placements.
  • The transaction is considered a related party transaction under Multilateral Instrument 61-101.
  • Exempt from formal valuation and minority shareholder approval requirements of MI 61-101.
• Finder’s Fees and Broker Warrants:
  • Aggregate Cash Finders' Fees Paid: $194,195.90.
  • Broker Warrants Issued: 578,432 broker warrants.
  • Broker Warrant Terms: Exercisable for two years for one common share at an exercise price of 45 cents per share.