Hi-View Announces Upsized Private Placement

Executive Summary

• Hi‑View Resources Inc. announced an upsized non‑brokered private placement, increasing the offering to up to 7,333,333 units at $0.30 per unit for potential gross proceeds of $2.2 million.
• The flow‑through portion was also increased to up to 6,722,222 FT shares at $0.36 per share, targeting aggregate gross proceeds of $2.42 million.
• Each unit includes one common share and half of a transferable warrant; each whole warrant allows purchase of an additional share at $0.45 for 24 months.

Key Details

• Total Offering Size: Up to 7,333,333 units (non‑flow‑through) @ $0.30 per unit → Gross proceeds up to $2,200,000.
• Unit Composition: 1 common share + ½ transferable common share purchase warrant.
• Warrant Terms: Whole warrant = right to buy one additional share at $0.45 per share; exercisable for 24 months from issuance date.
• Flow‑Through Portion: Up to 6,722,222 FT shares @ $0.36 per FT share → Gross proceeds up to $2,420,000.
• Hold Period: All securities subject to a four‑month‑and‑one‑day hold period as required by applicable securities legislation.
• Finder’s Fees: Up to 10% may be payable in accordance with CSE regulations.
• Related Party Participation: Directors and officers may acquire securities; transaction treated as related‑party under MI 61‑101, exempt from formal valuation and minority shareholder approval requirements.
• Use of Proceeds: (Implied) to fund ongoing exploration activities on the Company’s gold, silver, and copper assets in the Toodoggone region (specific allocation not detailed).

Notable Quotes

“R. Nick Horsley,” CEO – signatory on behalf of the Board of Directors. (No direct quote provided in release.)