Hi-View Resources Announces Closing of First Tranche of Non-Brokered Flow Through Private Placement

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[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA, AUGUST 1, 2025 – TheNewswire - HI-VIEW RESOURCES INC. (‘HI-VIEW' OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) announces today that pursuant to its news release dated July 10, 2025, the Company has close the first tranche of its non-brokered flow through private placement consisting of 3,444,485 flow through units (the “FT Units”) at a price of $0.105 per FT Unit for gross proceeds of $361,670.93 (the “Private Placement”). 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 until 5.00pm (Vancouver Time) on or before August 1, 2028, subject to an acceleration provision whereby if the closing price of the Issuer’s Shares is greater than $0.50 for a minimum period of 10 consecutive trading days on the CSE, then the Company may, in its sole discretion, elect to provide written notice to the holders of the Warrants that the Warrants will expire at 5:00 p.m.(Vancouver time) on the date that is 30 days from the date of the written notice 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) related to the Company’s projects in Canada. A director and officer and an officer of the Company, acquired directly and indirectly, an aggregate of 952,524 Units in the Private Placement.  Participation of insiders of the Company in the Offering constitutes a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemption from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and the exemption from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(a) of MI 61-101. The securities issued pursuant to the Offering are subject to a statutory hold period of four months plus one day. Finder's fee...

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