VANCOUVER, British Columbia, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Hi-View Resources Inc. ('Hi-View' or the 'Company') (CSE: HVW; OTCQB: HVWRF; FSE: B63) reports that it is continuing to streamline the Company's operations to better weather these difficult times.
The Company has agreed to terminate several consulting, management and related agreements and settle the related debt and certain other debt by way of issuance of 856,250 common shares of Hi-View at $0.05 each, for an aggregate of $42,812.50 settled. All shares issued by the Company will be subject to a four-month and one-day hold period and remain subject to CSE acceptance. No new control person of the Company will be created pursuant to the shares for debt transactions.
Hi-View announces that Mr. Alex Horsley has resigned as an officer and director in order to focus on his other business commitments.
APEX Geoscience Ltd. earlier completed a soil and rock sampling program of the Golden Stranger property and the program identified some new points of interest that included a few new outcrops that were rock grab sampled. A total of 399 soil samples and 11 rock grab samples were collected and are to be submitted for assay.
The Company has issued stock options to directors and officers for 250,000 common shares, exercisable at $0.10 per share for two years.
About Hi-View
The principal business is the acquisition, exploration and development of mineral resource properties with the objective of locating, defining and ultimately developing economic mineral deposits. Zeal Exploration is a wholly-owned subsidiary which holds the options to acquire the Golden Stranger Property and the Lawyers West, East, South projects, together with claims acquired directly through staking, all located in the Toodoggone region of northern BC, prospective for gold, silver, and copper. The collective holdings cover 10,821 hectares.
Contact:
Hi-View Resources Inc.
Nick Horsley, Chief Executive Officer
Email: rnpshorsley@gmail.com
Telephone: (604) 684-4743
Website: www.hiviewresources.com
FORWARD LOOKING STATEMENTS:
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes statements related to the proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
