02:47:40 EDT Tue 24 Mar 2026
Enter Symbol
or Name
USA
CA



Hi-View Resources Inc (2)
Symbol GXLD
Shares Issued 30,754,908
Close 2026-03-23 C$ 0.30
Market Cap C$ 9,226,472
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Hi-View Resources closes private placements

2026-03-23 21:56 ET - News Release

Mr. R. Nick Horsley reports

HI-VIEW CLOSES NON-BROKERED PRIVATE PLACEMENTS

Hi-View Resources Inc. has closed a non-brokered private placement of 6,574,999 units at 30 cents per unit for gross proceeds of $1,972,499.70. Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional share of the company at 45 cents per share for a period of 24 months from the date of issuance. The proceeds will be used for general working capital expenditures.

Additionally, the company has closed a non-brokered private placement of 6,140,552 flow-through (FT) shares of the company at a price of 36 cents for gross proceeds of $2,210,598.72.

The 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 critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada). All qualifying expenditures will be renounced in favour of the subscribers of the FT units effective Dec. 31, 2026. The use of proceeds will be for exploration on the Toodoggone projects in British Columbia.

Directors and officers of the company acquired securities under the private placement, which is considered a related party transaction as defined under Multilateral Instrument 61-101. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

In connection with the two private placements, Hi-View paid aggregate cash finders' fees of $194,195.90 and issued a total of 578,432 broker warrants, each such broker warrant being exercisable for two years for one common share of the company at an exercise price of 45 cents per share.

About Hi-View Resources Inc.

Hi-View Resources, a publicly listed mineral exploration company on the Canadian Securities Exchange, is advancing a portfolio of gold, silver and copper assets in the Toodoggone region of Northern British Columbia. The company's 100-per-cent-owned and optioned projects cover more than 27,791 hectares, and include the Lawyers East project, the Borealis project and the Golden Stranger project -- all designated as high-priority targets. Additional assets in the portfolio include the Nub, Saunders and Harmon Peak properties, while the northern claims remain under active option agreements. The company also has an additional 1,300 hectares currently under mineral claim application.

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