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Vancouver, B.C. September 1, 2016 - Highbank Resources Ltd. (TSX.V –“HBK”), (the “Company”).
The Company is arranging a non-brokered private placement to raise up to $120,000 through the issuance of 2,000,000 units at $0.06 per share, with 2.0 million transferable warrants attached at a price of $0.10 per share if exercised within the first year and at a price of $0.15 per share if exercised within the second year. The Company will pay a finder’s fee of up to 8% in cash or warrants. The Company will use the funds to continue maintenance of its Swamp Point North aggregate project and for working capital.
The private placement is subject to TSX Venture Exchange approval.