Highbank Resources Ltd. closed the first tranche of its private placement, issuing 2,006,250 units. The company is continuing efforts to secure contracts for its aggregate products and monitoring opportunities to bid on infrastructure projects. Significant developments in the region that could benefit Highbank include TransCanada signing a project agreement with the Metlakatla First Nation for its natural gas pipeline, and a group of First Nations supporting another pipeline project connecting Alberta to the Pacific coast.