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Hi-View Toodoggone

Hi-View raises capital amid director exiting

Hi-View Resources (CSE:HVW) is conducting a non-brokered private placement, to raise up to C$1 million ($1.08 million) amid the company’s President and director Howard Milne resigning. 

Under the private placement, five million units will be issued at C$0.20 per unit. Each unit comprises one common share and one-half of a common share purchase warrant. The warrants are exercisable at C$0.30 per share for a 24-month period. 

The funds will be allocated towards general working capital. 

Further, Hi-View also announces shares for debt to issue 730,808 common shares at the same issue price as the private placement to settle C$146,161.60 of debt due to related parties. 

Hi-View is a mineral explorer focused on advancing projects prospective for gold, silver, and copper in the Toodoggone region of Northern British Columbia. 

Write to Aaliyah Rogan at Mining.com.au   

Images: Hi-View Resources
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Written By Aaliyah Rogan
Originally from New Zealand, Aaliyah brings several years of experience covering the resources sector, with a focus on companies, commodities and global mining markets. Her reporting has spanned European markets and the evolving global mining landscape, with a focus on the stories and market forces driving change across the sector.