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     169  0 Kommentare Hi-View Corporate Update

    VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) -- Hi-View Resources Inc. (‘Hi-View' or the ‘Company’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) is pleased to announce it has received approval from Depository Trust Company ("DTC") to make its common shares eligible for settlement in the US under ticker symbol “HVWRF”. Hi-View is now eligible for electronic clearing and settlement through DTC's automated processes. DTC is a stock depository that facilitates and manages the electronic clearing and settlement of publicly traded companies in the United States.

    The Company will be launching its summer work program in the coming weeks on its mining properties in the Toodoggone region of northern BC, to include further rock and soil sampling, analysis of assayed samples from the previous program, geological reports and other geological services.

    In addition, the Company intends, effective July 31, 2024, to extend the expiry date of an aggregate of 6,000,000 outstanding common share purchase warrants (the “Warrants”) to September 30, 2025, subject to acceleration provisions described below (“Acceleration Provisions”) and further amend the exercise price to $0.05 (the “Warrant Amendments”). The Acceleration Provisions provide that if for any 10 consecutive trading days prior to the expiry date (a “Premium Trading Period”) the closing price of the common shares of the Company on the CSE exceeds the amended exercise price by an amount equal to the maximum permitted discount permitted by CSE Policy, the expiry date of the amended warrants will be accelerated such that the amended warrants will expire 30 days from the date which is 7 days following the 10th day of the applicable Premium Trading Period. All other terms of the Warrants will remain unchanged. The Warrant Amendments remains subject to acceptance by the CSE. The Warrants were originally issued between January 27, 2022 August 2, 2023 at exercise prices between $0.10 and $0.20.

    Two directors and officers of the Company, beneficially own 500,000 Warrants collectively. As a result, the Warrant Amendment are considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemptions from the formal valuation and minority approval requirements found in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the Warrant Amendment, insofar as it involves the two directors and officers, is not more than 25% of the Company’s market capitalization.

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    Hi-View Corporate Update VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) - Hi-View Resources Inc. (‘Hi-View' or the ‘Company’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) is pleased to announce it has received approval from Depository Trust Company ("DTC") to make its …