Hi-View Resources upsizes non-brokered flow-through financing
Key facts
- C$2.3M PP
- C$0.4/unit
- +0.5 wt @ C$0.42 / 24mo
- Sep 10 close
VANCOUVER, BRITISH COLUMBIA – TheNewswire - SEPTEMBER 4, 2026 – HI-VIEW RESOURCES INC. (“ Hi-View ” or the “ Company ”) (CSE: GXLD; OTCQB: GXLDF; FSE: B630) is pleased to announce that, further to its news release dated August 13, 2026, the Company is upsizing its non-brokered private placement of premium-flow through units (the “ Charity FT Units ”) to a minimum of 5,757,231 Charity FT Units at a price of $0.40 per Charity FT Unit for gross proceeds of $2,302,892 (the “ Upsized Charity FT Offering ”).
Each Charity FT Unit will consist of one common share in the capital of the Company (each, a “ Common Share ”) and one-half of one transferable common share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder thereof to purchase one additional non-flow-through common share (each, a “ Warrant Share ”, and together with the Common Shares and Warrants, the “ Securities ”) of the Company at $0.42 per Warrant Share for a period of 24 months from the date of issuance. Each Common Share and one-half Warrant will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada).
The proceeds from the Charity FT Offering will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as both terms are defined in the Income Tax Act (Canada) and as “BC flow-through mining expenditures” as defined in the Income Tax Act (British Columbia) (the “ Qualifying Expenditures ”) related to the Company’s projects in British Columbia. The Company will renounce Qualifying Expenditures with an effective date of no later than December 31, 2026, in an amount of not less than the total amount of the gross proceeds raised from the issuance of the Charity FT Units, and incur such expenses by December 31, 2027. The flow-through critical mineral mining expenditures will be eligible for a federal 30% investment tax credit for any eligible individual investors and, for any individual investor who is resident or subject to tax in the Province of British Columbia, the Qualifying Expenditures will also be eligible for the 20% additional tax credit under the Income Tax Act (British Columbia).
The Charity FT Offering is expected to close on or around September 10, 2026 and is subject to certain conditions including, but not limited to, the receipt of all required regulatory and other approvals.
All securities issued will be subject to a statutory hold period of four months and one day from the date of issuance.
The Company will pay a 6% finders fees consisting of cash commissions compensation warrants (“ Compensation Warrants ”) to certain qualified arm’s length finders, with each Compensation Warrant entitling the holder thereof to purchase one common share in the capital of the Company at $0.26 per common share for a period of 24 months from the date of issuance.
The Securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any state securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of any person in the United States or any U.S person, unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available. “ United States ” and “ U.S. person ” are as defined in Regulation S promulgated under the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.