Hi-View Resources (CSE:HVW) has raised C$325,600 from tranche one of its non-brokered private placement that intends to raise up to C$1 million ($1.1 million).
The company issued 1.628 million units at C$0.20 per unit, comprising one share and one-half of a purchase warrant. Two broker warrants entitles the holder to acquire one additional common share at a price of $0.30 until 18 November 2027. Funds raised are for ‘general purposes’.
As reported by Mining.com.au, the company opened the placement at the start of the month as President and director Howard Milne elected to resign from his roles.
Last month, Hi-View orchestrated a number of drill targets at its Golden Stranger Project in British Columbia, covering nine initial holes in an upcoming campaign, as reported.
Drilling will test the known mineralised corridor at Golden Stranger, as well as following up on copper-gold anomalies.
Hi-View Resources is a mineral explorer focused on the discovery of gold, silver, and copper in the Toodoggone region of northern British Columbia.
Write to Maddison Elliott at Mining.com.au
Images: Hi-View Resources
