Hi-View Resources Appoints Strategic Advisor and Announces Private Placement

In This Article:

Hi-View Resources Inc.
Hi-View Resources Inc.

VANCOUVER, British Columbia, March 03, 2025 (GLOBE NEWSWIRE) -- HI-VIEW RESOURCES INC. (‘HI-VIEW' OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) is pleased to announce that it has appointed Mr. Arif Merali, CSC, CPH, as a strategic advisor to the Company.

Mr. Merali has been a director of several public companies and is currently on the board of directors of Bessor Minerals and previously served on the board of CMC Metals Ltd. Mr. Merali was previously an investment advisor at Canaccord Capital and holds the CSC and CPH designations and has been registered with IIROC as a Registered Representative. Mr. Merali currently holds consulting roles in public and private companies across a variety of industries with over 30 years of experience in the technology and natural resource sectors.

Hi-View Resources CEO and Director Robert Nick Horsley states, “We would like to welcome Mr. Merali as a strategic advisor during this pivotal and exciting time for the Company and the sector. The addition of Mr. Merali’s 30 years of industry experience strengthens the Company’s potential access to capital as well as its business network.”

Private Placement

The Company also announces a non-brokered private placement of up to 5,000,000 units (the “Units”), at a price of $0.05 per Unit for gross proceeds of up to $250,000 (the “Offering”). The Units will consist of one common share of the Company (“Share”) and one share purchase warrant (“Warrant”). Each Warrant will be exercisable by the warrant holder to acquire one (1) additional Share at a price of CAD$0.10 for a period of 24 months from the closing of the Offering.

Hi-View will use the net proceeds from the Offering for general working capital and marketing and investor relations. The issuance of securities in connection with this Offering will be subject to Canadian Securities Exchange approval and the securities will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities laws.

In connection with the Offering, the Company may pay to qualified finders an 8% cash finder’s fee and an 8% finder’s fee payable in non-transferable share purchase warrants. Each warrant related to the finder’s fees for the Offering entitles the holder thereof to purchase one Share at a price of $0.10 per Share for a period of 24 months from closing of the Offering.

Insiders of the Company may participate in the Offering, which would constitute a related party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely 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.


Waiting for permission
Allow microphone access to enable voice search

Try again.