VANCOUVER, British Columbia, Dec. 18, 2023 (GLOBE NEWSWIRE) — Hi-View Resources Inc. (‘Hi-View’ or the ‘Company’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) reports that its subsidiary, Zeal Exploration Inc. (”Zeal”), as the Optionee, has agreed with Musk Metals Corp. (“Musk”), the Optionor, to further amend that Option Agreement dated May 27, 2022 in respect of an option to acquire a 100% interest in the Lawyers East, West and North properties (the “Property”), located in the Toodoggone region of British Columbia.
The Option Agreement has now been amended to provide that the Optionee, Zeal, may exercise the first option to earn a 50% undivided interest in the Property by paying the Optionor, Musk, $55,000 in cash, of which $20,000 has been paid to date and $10,000 is being paid now, and issuing 1,300,000 common shares of the Optionee’s parent company, Hi-View, at a deemed price of $0.05 per share, of which 600,000 shares have been issued to date and a further 500,000 common shares are being issued now; and making certain exploration expenditures on the Property.
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 9,138 hectares.
Contact:
Hi-View Resources Inc.
Nick Horsley, Chief Executive Officer
Email: [email protected]
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.
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