Hi-View increases private placement to $2.02-million

Executive Summary

• Hi-View Resources Inc. has upsized its non-brokered private placement, increasing the offering size to 6.75 million units.
• The offering is priced at 30 cents per unit, generating gross proceeds of up to $2,025,000.
• Proceeds are designated for general corporate purposes, including the payment of arm's-length payables.

Key Details

• Offering Size: Increased to 6.75 million units.
• Price Per Unit: 30 cents.
• Gross Proceeds: Up to $2,025,000.
• Unit Composition: Each unit consists of one common share and 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.
• Warrant Expiry: 24 months from the date of issuance.
• Use of Proceeds: General corporate purposes, including arm's-length payables.
• Finder's Fees: Up to 10% may be applicable on both private placements.
• Hold Period: All securities are subject to a hold period of four months and one day.
• Related-Party Transaction: Directors and officers may acquire securities under the placement; this is exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101.