Highview Resources Ltd.

Highview Resources Ltd.

January 04, 2005 17:39 ET

Highview Announces Completion of $2 Million Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HIGHVIEW RESOURCES LTD.

TSX VENTURE SYMBOL: HVW

JANUARY 4, 2005 - 17:39 ET

Highview Announces Completion of $2 Million Private
Placement

CALGARY, ALBERTA--(CCNMatthews - Jan. 4, 2005) - Highview Resources Ltd.
(TSX VENTURE:HVW) is pleased to report that it has closed the second
tranche of its previously announced private placement by the issuance of
687,168 common shares of Highview, on a flow through basis, at $0.30 per
share. The total financing resulted in gross proceeds of $2 million to
Highview. The offering was managed jointly by Jennings Capital Inc. and
Canaccord Capital Corporation.

The first closing occurred on December 16, 2004 with 5,979,499 common
shares issued and with the second closing, on December 31, 2004, a total
of 6,668,667 common shares were issued.

After giving effect to the offering Highview has 49,125,010 common
shares outstanding.

The net proceeds from the offering will be utilized to incur Eligible
Canadian Exploration Expenses over the next year.

The Corporation trades on the TSX Venture Exchange under the symbol
"HVW". Highview is a junior oil and gas company focused on the
acquisition, exploration, exploitation and development of oil and
natural gas in western Canada. Highview's business plan is to grow
reserves and production to increase shareholder value through a focused
exploration program, strategic acquisitions and controlled exploitation.

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

The Shares issued have not been registered under the United States
Securities Act of 1933 and may not be offered or sold in the United
States, or to a U.S. person, absent registration, or an applicable
exemption therefrom.

Forward-looking statements - statements included in this press release
that are not historical facts may be considered "forward-looking
statements." All estimates and statements that describe the Company's
objectives, goals or future plans are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties
where actual results could differ materially from those currently
anticipated.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Highview Resources Ltd.
    John H. Cassels
    President & CEO
    (403) 261-9978
    (403) 261-4072 (FAX)
    or
    Highview Resources Ltd.
    Robert W. Lamond
    Chairman
    (403) 269-9889
    (403) 269-9890 (FAX)
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.