Vancouver, B.C. – October 10, 2014 –Highbank Resources Ltd. (the "Company") (TSX Venture: HBK).
The Company has arranged up to $500,000 in short-term loans from non-related parties. The loans bear interest of one and one-half percent (1.5%) per month. In consideration for the loans, the Company has agreed to issue, subject to regulatory approval, an aggregate of 227,272 bonus common shares, at a deemed price of $0.22 per share.
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.