-
News
Vancouver, B.C. – October 7, 2014 –Highbank Resources Ltd. (the "Company") (TSX Venture: HBK). As reported in our October 6, 2014 news release Foresight Innovations Ltd. ("Foresight") of Victoria, B.C. has completed the installation of the pilings for the barge load-out facility at Swamp Point North. The Company has agreed to issue a second tranche of 1,193,000 common shares (the "Shares") at a deemed price of $0.22 per share to Foresight. The Shares for Debt is subject to regulatory approval, and once issued, a statutory hold period of four months. The Shares are being issued to satisfy the 4th payment of $250,000 + GST of debt (the "Debt"). The Company is not indebted to any other creditors who wish to settle shares for debt.
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
"Gary Musil"
Gary Musil,
CFO/Director
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.