20:25:21 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Highbank Resources Ltd
Symbol HBK
Shares Issued 131,786,621
Close 2018-03-14 C$ 0.03
Market Cap C$ 3,953,599
Recent Sedar Documents

ORIGINAL: Highbank arranges remaining $60,000 of Swamp Point loan

2018-03-14 20:02 ET - News Release

Received by email:

File: HBK.nr Mar.14.18 Arranges  Balance of Demand Loan for BulkAggregate Sample and Site Security & Mtnce. for Swamp 
--->Point North.docx

/
#600 - 625 Howe Street, Vancouver, B. C. V6C 2T6 Ph: (604) 683-6648 Fax: (604) 683-1350
Email:   gmusil@highbankresources.com    Website:  www.HighbankResources.com


 NEWS RELEASE
 

TSX.V: HBK
Frankfurt: V7O
 
HIGHBANK ARRANGES BALANCE OF DEMAND LOANS FOR THE 750 TONNE BULK AGGREGATE SAMPLE AND SITE SECURITY & MAINTENANCE FOR 
--->ITS SWAMP POINT NORTH PROJECT 

Vancouver, B.C. - March 14, 2018 - Highbank Resources Ltd. (TSX.V -"HBK"), (the "Company").

Further to our news release of February 21, 2018; Highbank Resources Ltd., has arranged the balance of $60,000 as budg
--->eted to cover costs of the previously announced 750 tonne bulk aggregate production sample; Swamp Point North ("SPN") 
--->site security and maintenance expenses for November 2017 to April 2018; and administrative head office expenditures. 
Approximately $200,000 was budgeted for the bulk sampling expenditures such as: barging of additional equipment requir
--->ed for site loading and unloading; barging of aggregate from the site to the Port of Prince Rupert; leasing of industr
--->ial waterfront in the Port of Prince Rupert;   equipment rental;  transportation and expenses relating to additional p
--->ersonnel;  fuel and supplies; sample processing, and lab testing.  Prior to the bulk sample barge and equipment arrivi
--->ng  the Company had also arranged for a small barge load of fuel, propane, and gasoline to cover approximately six mon
--->ths site maintenance time.
As per previously arranged loans the terms are as follows.  The loans bear interest at 1.5% per month. In consideratio
--->n for the loan, the Company has also agreed to issue 240,000 bonus common shares, at a deemed price of $0.05 per share
--->.  The loan and issuance of bonus shares are subject to regulatory approval,  and pursuant to the agreement will be su
--->bject to a four month +1 day hold period from the date of issuance.

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 fu
--->ture events or results.  Forward-looking statements are projections of events, revenues, income, future economic perfo
--->rmance or management's plan and objective for future operations and include, without limitation, statements with respe
--->ct to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, s
--->uccess of mining operations, the timing and amount of estimated future production, title disputes or claims, environme
--->ntal risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, require
--->ments for additional capital; and government regulation of mining operations. In some cases, you can identify forward 
--->-looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", 
--->"estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By 
--->their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which ma
--->y cause the actual results, performance or achievements of the Company to be materially different from any future resu
--->lts, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluc
--->tuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined;
---> possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from
---> time to time in the Company's interim and annual financial statements and management's discussion and analysis of tho
--->se statements, are filed and available for review on SEDAR at www.sedar.com.

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.



File: HBK.nr Mar.14.18 Arranges  Balance of Demand Loan for BulkAggregate Sample and Site Security & Mtnce. for Swamp 
--->Point North.pdf

 #600   625 Howe Street, Vancouver, B. C. V6C 2T6 Ph: (604) 683-6648 Fax: (604) 683-1350
 Email: gmusil@highbankresources.com Website: www.HighbankResources.com


                                                  NEWS RELEASE
                                                                                                         TSX.V: HBK
                                                                                                         Frankfurt: V7
--->O

     HIGHBANK ARRANGES BALANCE OF DEMAND LOANS FOR THE 750 TONNE
     BULK AGGREGATE SAMPLE AND SITE SECURITY & MAINTENANCE FOR ITS
                      SWAMP POINT NORTH PROJECT

 Vancouver, B.C.   March 14, 2018 - Highbank Resources Ltd. (TSX.V  "HBK"), (the "Company").

Further to our news release of February 21, 2018; Highbank Resources Ltd., has arranged the
balance of $60,000 as budgeted to cover costs of the previously announced 750 tonne bulk
aggregate production sample; Swamp Point North ("SPN") site security and maintenance
expenses for November 2017 to April 2018; and administrative head office expenditures.

Approximately $200,000 was budgeted for the bulk sampling expenditures such as: barging of
additional equipment required for site loading and unloading; barging of aggregate from the site
to the Port of Prince Rupert; leasing of industrial waterfront in the Port of Prince Rupert;
equipment rental; transportation and expenses relating to additional personnel; fuel and
supplies; sample processing, and lab testing. Prior to the bulk sample barge and equipment
arriving the Company had also arranged for a small barge load of fuel, propane, and gasoline to
cover approximately six months site maintenance time.

As per previously arranged loans the terms are as follows. The loans bear interest at 1.5% per
month. In consideration for the loan, the Company has also agreed to issue 240,000 bonus
common shares, at a deemed price of $0.05 per share. The loan and issuance of bonus shares are
subject to regulatory approval, and pursuant to the agreement will be subject to a four month +1
day hold period from the date of issuance.


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. Forward-looking statements are projections of events, revenues, income, future ec
--->onomic
 performance or management's plan and objective for future operations and include, without limitation, statements with
 respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estima
--->tes,
 success of mining operations, the timing and amount of estimated future production, title disputes or claims, environ
--->mental
risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements
for additional capital; and government regulation of mining operations. In some cases, you can identify forward -looki
--->ng
statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimate
--->s",
"predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By their very na
--->ture
forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations in worldwid
--->e
prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations i
--->n grade
and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's
---> interim
and annual financial statements and management's discussion and analysis of those statements, are filed and available 
--->for
review on SEDAR at www.sedar.com.

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.
 


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