Highbank Resources Ltd.

Highbank Resources Ltd.

July 15, 2013 09:00 ET

Highbank Raising $240,000

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 15, 2013) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company") is arranging a non-brokered private placement to raise up to $240,000.

Private Placement

The Company will be issuing up to 3.0 million units at $0.08 per unit. Each unit will consist of one common share and one two year transferable share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company for a period of two years at a price of $0.10 per share in year one and $0.12 per share in year two.

The Company will pay a finder's fee of up to 8% in cash or warrants. The financing will be subject to TSX Venture Exchange acceptance.

The Company will use the funds to continue development of the Swamp Point North aggregate project and working capital.

The Board of Directors would like to thank the Company's shareholders for their continued support in these difficult markets throughout the past year.

On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.

Gary Musil, CFO/Director

Website re-launched:

The company has recently re-launched its Corporate website www.highbankresources.com and www.highbankres.com. Aside from an updated user friendly presentation the site now acts as a "Virtual Investor Centre" for a broad range of social media platforms. Shareholders, potential investors, brokers, associated organizations and interested parties now may 'follow" us on:

Facebook: https://www.facebook.com/HighbankResourcesLtd?ref=hl

Twitter: https://twitter.com/HighbankHBK

GooglePlus: https://plus.google.com/b/115999208073439737262/115999208073439737262/posts

YouTube: http://www.youtube.com/watch?v=iF-4vHNRRLw

LinkedIn: http://www.linkedin.com/company/highbank-resources-ltd-?trk=top_nav_home

Slideshare: http://www.slideshare.net/stockshaman/highbank-res

Please feel free to "Share", "Like", or "Follow" these Highbank Resources Ltd. social media platforms within their respective mediums.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Highbank Resources Ltd.
    (604) 683-6648
    (604) 683-1350 (FAX)