Vancouver, B.C. – January 13, 2014 – Highbank Resources Ltd. (the "Company" or "Highbank") (TSX Venture: HBK) has engaged 360 Aviation Services Inc. ("360") of Vancouver, B.C. to conduct investor relations services on behalf of the Company with a one year contract. 360 has introduced numerous investors over the past year into investing in the Company.
360 shall provide the following Services:
Introduce and liaise on behalf of Highbank with writers and publishers of relevant subscriber bases publications, including newspapers, magazines, business and financial publications;
Advice Highbank with respect to its public communication materials, including Highbank’s website and presentations developed for industry meetings, conferences and tradeshows;
Meet and Communicate with corporate analysts, institutional and professional investors, retail clients and stockbrokers for the purpose of encouraging or promoting investment in Highbank;
Assist Highbank with all work necessary to prepare for meetings and presentations with investors; and
Such other services as Highbank and 360 may from time to time agree upon.
Compensation to 360 will be Cdn. $5,000 + GST per month for the first three months and increased to Cdn. $7,500 + GST for the remainder of the contract. 360 will also be granted an option to purchase 600,000 common shares, exercisable at the price of $0.10 per share for five years. The stock option to be granted will be in accordance with the Company’s Stock Option Plan and will have the required four (4) months hold period and will have vesting provisions attached.
In addition, should Highbank amalgamate, merge or consolidate with any other person or corporation or undertake any corporate change including the sale, transfer or other disposition of all the assets or substantially all the assets of Highbank unless or until such person or corporation shall assume Highbank’s obligations to 360 in the agreement, Highbank would be required to pay 360 consideration equal to three (3) months compensation as applicable at the time.
Ms. Smith-Gander, the principal of 360, reports that she owns an aggregate of 490,000 common shares of the Company, directly and indirectly.
The above-mentioned transaction is subject to the approval of the regulatory authorities.
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant,
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