Highview Resources Ltd.
TSX VENTURE : HVW

Highview Resources Ltd.

May 18, 2006 14:00 ET

Highview Closes Private Placement of Flow-Through Shares

CALGARY, ALBERTA--(CCNMatthews - May 18, 2006) -

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

Highview Resources Ltd. (TSX VENTURE:HVW) is please to announce today that it has completed its previously announced financing of flow-through shares through Acumen Capital Finance Partners Limited as agent, whereby Highview issued 11,800,000 flow-through shares at a price of $0.17 per flow-through share for gross proceeds of $2,006,000. The flow-through shares will be subject to a four-month hold period.

The proceeds from the financing will be used to accelerate the development of oil and gas prospects located in the Company's core areas in Alberta and Saskatchewan.

Highview is a Canadian company engaged in exploration, development and production of oil and natural gas. Highview's common shares are listed on The TSX Venture Exchange under the trading symbol "HVW".

This news release shall not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction. The common shares offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement.

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.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • HIGHVIEW RESOURCES LTD.
    John H. Cassels
    President & CEO
    (403) 261-9978
    (403) 261-4072 (FAX)
    or
    HIGHVIEW RESOURCES LTD.
    R.W. Lamond
    Chairman
    (403) 269-9889
    (403)269-9889 (FAX)