Hi Ho receives $1M investor commitment for financing

Jun 5, 2018

2018-06-05 10:05 ET – News Release

Mr. William Jorgenson reports

HI HO SILVER RESOURCES INC. ANNOUNCES “STRATEGIC INVESTOR” $1,000,000 COMMITMENT

A strategic investor (1166847 B.C. Ltd.) has committed to invest $1-million in Hi Ho Silver Resources Inc.’s private placement at a price of 10 cents per unit. As a result, Hi Ho has agreed to allow 1166847 B.C. first option to joint venture two properties which Hi Ho owns and manages. These properties are 1) Bralorne gold property (near Lillooet, B.C.) and 2) NIK cobalt/nickel property located in north-central British Columbia.

This corporate strategy will also allow the strategic investor to explore additional Hi Ho properties with the prospect of completing further joint venture projects. This strategy has the potential to increase shareholder wealth, provide continuing cash flow and allow management to maintain Hi Ho’s competitive fitness and ensure longevity. Hi Ho will retain part ownership of properties and a percentage of a net smelter return. The investor will provide all financing to complete projects.

An ideal strategic investment partnership is when both parties mutually benefit. Hi Ho looks forward to a long and rewarding relationship and the development of at least two of its highly regarded properties.

About Hi Ho Silver Resources Inc.

Hi Ho Silver is a Vancouver-based mineral exploration company dedicated to the exploration and development of precious and base-metal mineral deposits in North America and elsewhere.