Hi-View Announces Completion of Warrant Incentive Program

Executive Summary

• Hi‑View Resources completed its previously announced warrant incentive program, receiving $459,720 in cash from the exercise of 3,831,000 common share purchase warrants.
• The exercised warrants had an original exercise price of $0.12; each exercised warrant triggered the issuance of one Incentive Warrant exercisable at $0.46 per share for three years.
• The proceeds are intended to support the Company’s ongoing exploration activities in its Toodoggone‑region asset portfolio.

Key Details

• Cash Received: $459,720 from warrant exercises.
• Warrants Exercised: 3,831,000 common share purchase warrants (original exercise price $0.12).
• Incentive Warrants Issued: One Incentive Warrant per exercised warrant; each gives the right to acquire one common share at $0.46 per share, exercisable for three years from issuance.
• Exercise Price Adjustment: Initial plan was $0.30 per share; after consultation with the Canadian Securities Exchange, the price was set at $0.46 per share.
• Statutory Hold Period: Shares issuable upon exercise of Incentive Warrants are subject to a four‑month‑plus‑one‑day hold period.
• Unexercised Warrants: Remain under original terms; no additional Incentive Warrants will be issued for those.
• Use of Proceeds (forward‑looking): Anticipated to fund continued mineral exploration and development of the Company’s gold, silver, and copper projects in northern British Columbia.

Notable Quotes

“R. Nick Horsley, CEO” – No direct quote provided in the release.