Vancouver, B.C. – July 11, 2016- Highbank Resources Ltd. (TSX.V –"HBK"), (the "Company").
Mr. Gary Musil, Corporate Secretary/Director reports:
The Annual General Meeting of Highbank Resources Ltd. was held today –July 11, 2016. At the meeting the shareholders re-elected James H. Place, Gary Musil, Victor N. Bryant, Luard J. Manning, William J. Loucks, and newly elected Ivan Scott for the upcoming year. The scrutineer reported that there were a total of 17 shareholders holding 7,924,061 common shares represented in person or by proxy at the meeting. This represents 6.7% of the total 117,682,954 shares issued and outstanding at record date.
On a show of hands, the Chairman declared that the shareholders ratified the election of directors for all nominees listed below, to hold office until the next annual meeting of shareholders, or until their successors are duly elected or appointed.
|Directors||Votes for||Percent||Votes Withheld||Percent|
|James H. Place||7,101,511||99.21%||56,550||0.79%|
|Victor N. Bryant||7,101,511||99.21%||56,550||0.79 %|
|Luard J. Manning||7,153,011||99.93%||5,050||0.07%|
|William J. Loucks||7,153,011||99.93%||5,050||0.07%|
Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company’s Incentive Stock Option Plan. Shareholders also approved the re-appointment of Crowe MacKay LLP, Chartered Accountants as auditors for the ensuing year, and authorized the Directors to fix their remuneration.
Other resolutions submitted by management to shareholders for consideration were approved as presented; including the ratifying of the Company’s Advance Notice Policy ("ANP") as attached to the Information Circular as Schedule "C". In order for the ANP to remain in effect, the ANP must be ratified, confirmed and approved at each subsequent annual general meeting.
At the Directors Meeting following; the directors appointed James H. Place as President/Chief Executive Officer, and Gary Musil as Corporate Secretary/Chief Financial Officer. The Audit Committee appointees are: Gary Musil, William (Bill) J. Loucks, and Ivan Scott.
The Board of Directors would like to thank the Company’s shareholders for their continued support throughout the past year; as well as your increased support in attending and voting at the Annual General Meeting.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
Gary Musil, Corporate Secretary/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.
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