Highview Resources Ltd.
TSX VENTURE : HVW

Highview Resources Ltd.

June 07, 2007 11:12 ET

Highview Announces the Closing of Disposition of Assets and the Resignation of an Officer

CALGARY, ALBERTA--(Marketwire - June 7, 2007) - Highview Resources Ltd. is pleased to announce the closing of its previously announced sale of assets on May 31, 2007. The Company sold substantially all of its assets for $5.0 million. Subsequent to the sale and after retiring bank debt, Highview had approximately $3.6 million dollars of working capital.

Highview also announces that, with the closing of the transaction Norman S. Johnson, Chief Financial Officer, has resigned to pursue other opportunities. Highview wishes to thank Mr. Johnson for his efforts over the past several years and wishes him all the best in his future endeavors.

Robert L. McPherson, Chief Executive Officer will assume the responsibilities of Chief Financial Officer on an interim basis.

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.
    R.L. McPherson
    Chief Executive Officer
    (403) 264-5545/261-9978
    (403) 261-4072 (FAX)
    or
    Highview Resources Ltd.
    M.E. Burke-Gaffney
    President
    (403) 264-5545/261-9978
    (403) 261-4072 (FAX)
    or
    Highview Resources Ltd.
    700, 635 - Eighth Avenue S.W.
    Calgary, Alberta T2P 3M3
    (403) 264-5545/261-9978
    (403) 261-4072 (FAX)