Hi-View Resources Inc. Announces Non-Brokered Private Placement and Debt Settlement

Executive Summary

• Hi‑View Resources Inc. announced a non‑brokered private placement of up to 5,000,000 units at $0.20 per unit, targeting gross proceeds of up to $1,000,000.
• Each unit consists of one common share and half of a transferable warrant; the full warrant allows purchase of an additional share at $0.30 for 24 months.
• The company will also settle related‑party debt by issuing 730,808 common shares at $0.20 per share (totaling $146,161.60).

Key Details

• Private Placement Size: Up to 5,000,000 units
• Unit Price: $0.20 per unit
• Gross Proceeds Target: Up to $1,000,000
• Unit Composition: 1 common share + ½ transferable common share purchase warrant
• Warrant Terms: Each whole warrant permits purchase of one additional share at $0.30 per share; exercisable for 24 months from issuance date.
• Shares‑for‑Debt Settlement: 730,808 common shares issued at $0.20 per share to extinguish $146,161.60 of related‑party debt.
• Use of Proceeds: General corporate purposes, including payment of arm’s‑length payables.
• Statutory Hold Period: All securities issued are subject to a four‑month‑and‑one‑day hold period as required by applicable securities legislation.
• Finder’s Fee: A finder’s fee may be payable on the private placement in accordance with CSE regulations.

Notable Quotes

• “We are pleased to secure this financing, which will support our ongoing exploration activities and strengthen our balance sheet,” said R. Nick Horsley, CEO.