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Hi-View Resources Announces Flow Through Financing to Explore Toodoggone
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VANCOUVER, BRITISH COLUMBIA – TheNewswire - JULY 10th, 2025 – HI-VIEW RESOURCES INC. (‘HI-VIEW' OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) announces a non-brokered private placement offering of 4,000,000 flow-through units of the Company (each, a “FT Unit”) at a price of C$0.105 per FT Unit for gross proceeds up to C$420,000 (the “Offering”).
Each FT Unit consists of one (1) flow-through share of the Company (each, a “FT Share”) issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one half of one common share purchase warrant (each, a “Warrant”). Each whole Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.30 for a period of 36 months from the date of issuance.
The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) related to the Company’s projects in Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2025.
The use of proceeds will be for exploration at the Company’s Toodoggone Projects in British Columbia.
In accordance with the regulations of the Canadian Securities Exchange, an up to 10% finder’s fees may be applicable. All securities issued pursuant to the Offering will be subject to a hold period of four months and one day as required under applicable securities legislation.
Directors and officers of the Company may acquire securities under the Private Placement, which will be considered a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101“). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
About Hi-View Resources Inc.
Hi-View Resources Inc. is a mineral exploration company targeting gold, silver, and copper in the Toodoggone region of northern British Columbia, Canada. It’s 100% owned properties span 9,749 hectares, including the Golden Stranger Property (2,669 hectares) and the Lawyers East, West, and South claims. The Golden Stranger project is fully permitted with 45 drill-ready sites. Historical drilling highlights include 10 meters at 11.55 g/t gold, and a pre-NI 43-101 estimate (non-compliant) of 498,905 tonnes at 2.74 g/t gold. In 2024, sampling yielded up to 111.5 g/t gold and 2,740 g/t silver, with new mineralized zones identified 1.3 km from the main showings, indicating significant exploration potential. For further details, check Hi-View’s official website or recent filings on SEDAR.
On Behalf of the Board of Directors,
“R. Nick Horsley”
R. Nick Horsley, CEO
For further information, please contact:
Hi-View Resources Inc.
Howard Milne - President
Email: info@hiviewresources.com
Telephone: (604) 377-8994
Website: www.hiviewresources.com
FORWARD LOOKING STATEMENTS:
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this news release includes statements related to the proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.