Vancouver, B.C. – November 8, 2016 – Highbank Resources Ltd. (TSX.V –“HBK”), (the “Company”).
Further to our news release of September 1, 2016 whereby the Company proposed a private placement of 2.0 million shares at a price of $0.06 per share with 2.0 million transferable warrants attached at a price of $0.10 per share if exercised within the first year and at a price of $0.15 per share if exercised within the second year; and our news release of September 27, 2016 whereby the Company issued 1,525,000 units in the first tranche for gross proceed of $91,500. The Company will use the funds to continue maintenance of the Swamp Point North aggregate project and for working capital. The shares and warrants have a hold period until January 21, 2017.
The financing is closed and there will be no additional tranches in this financing.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
Gary Musil CFO/Director
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