Vancouver, B.C. – October 3, 2014 –Highbank Resources Ltd. (the "Company") (TSX Venture: HBK).
Shares for Debt
Further to the TSX Venture Exchange acceptance for filing bulletin of October 1, 2014, the Company has issued 1,193,000 shares at a deemed price of $0.22 to settle a debt of $262,500 to Foresight ("Foresight") Innovations Ltd. of Victoria. The Company engaged Foresight to drive the pilings and complete the infrastructure for the Company’s barge load-out facility at Swamp Point North. The shares are subject to a hold period from trading until February 2, 2015.
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the 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.