Northwire Canada EditionWednesday, November 11, 2026
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Financings

Hi-View Announces Non-Brokered Private Placement

GXLD · Price

Executive Summary

  • Hi‑View Resources Inc. announced a non‑brokered private placement of up to 5,000,000 units at $0.30 per unit, targeting gross proceeds of up to $1.5 million for general corporate purposes.
  • The company is also conducting a separate non‑brokered private placement of up to 2,000,000 flow‑through shares at $0.36 per share, seeking up to $720,000 to fund eligible Canadian exploration expenses on its Toodoggone projects.
  • Both offerings include holder‑related terms such as warrants (½ warrant per unit) and a four‑month hold period; finders’ fees of up to 10 % may apply.

Key Details

  • Units Offering: Up to 5,000,000 units @ $0.30/unit → Gross proceeds: up to $1,500,000.
  • Unit Composition: 1 common share + ½ transferable common share purchase warrant (each whole warrant = right to buy 1 additional share at $0.45 for 24 months).
  • Use of Proceeds – Units: General corporate purposes, including payment of arm‑length payables.

  • Flow‑Through Shares Offering: Up to 2,000,000 FT shares @ $0.36/share → Gross proceeds: up to $720,000.

  • Use of Proceeds – FT Shares: Eligible Canadian exploration expenses on the Toodoggone projects; expenditures will be renounced to subscribers effective Dec 31 2026.

  • Hold Period: All securities issued are subject to a hold period of four months and one day as required by securities legislation.

  • Finders’ Fees: Up to 10 % may be payable on both private placements.
  • Related Party Participation: Directors and officers may acquire securities; transaction considered a related‑party transaction under MI 61‑101 but expected to be exempt from formal valuation and minority shareholder approval requirements.

Notable Quotes

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

Read the original news release →

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