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News
Vancouver, B.C. – June 18, 2014 - Highbank Resources Ltd. (TSX.V –"HBK"), (the "Company").
Mr. Gary Musil reports:
At the meeting the shareholders re-elected Victor N. Bryant, Gary Musil, Jake Bottay, Luard J. Manning and James H. Place for the upcoming year. The scrutineer reported that there were a total of 20 shareholders 17,533,634 common shares represented in person or by proxy at the meeting. This represents 21.67% of the total 80,902,199 shares issued and outstanding at record date.
The proxy votes submitted for each director were as indicated in the following table:
| Directors | Votes for | Percent | Votes | Withheld | Percent |
|---|---|---|---|---|
| Victor N. Bryant | 17,528,634 | 99.97% | 5,000 | 0.03% |
| Gary Musil | 17,528,634 | 99.97% | 5,000 | 0.03% |
| Jake Bottay | 11,556,864 | 65.91% | 5,976,770 | 34.09% |
| Luard J. Manning | 15,482,964 | 88.30% | 2,050,670 | 11.70% |
| James H. Place | 17,528,634 | 99.97% | 5,000 | 0.03% |
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 Special Resolution authorizing the adoption of the new form of Articles of Incorporation (the "Articles"). The new Articles will enable the Company to be more efficient, flexible and cost-effective, and will bring the Company’s charter documents into line with charter documents of other public companies. The Advance Notice Policy of the Company dated March 5, 2014 was also approved.
At the Directors Meeting following; the directors re-appointed Victor N. Bryant as President/Chief Executive Officer, Gary Musil as Corporate Secretary/Chief Financial Officer, and Stan Spletzer as V.P. of Aggregate Operations for the upcoming year. The Audit Committee appointees are: Gary Musil, Luard J. Manning, & James H. Place.
Canadian LNG Exports –Multistakeholders Collaboration Initiative 2014
The Company has been requested and is presenting Highbank Resources Ltd., and its Swamp Point (North) aggregate project at this event being held at the Pan Pacific Vancouver Hotel today June 18th and 19th, 2014. The event will bring all of the 5 key stakeholder groups together in one place. These groups comprise - Terminal Developers, Pipeline Developers, Regulators, Asian Buyers and First Nations. The initiative will have a specific focus on partnership opportunities between the parties, and with the broader Canadian Oil & Gas service sector at large.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
"Gary Musil"
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.
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.