Highbank Resources Ltd.

Published : July 24th, 2015

BC Government Passes “Historic” Bill 30 – LNG Project Agreements Act

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Keywords :   Canada | Dollar | Natural Gas |

BC Government Passes “Historic” Bill 30 – LNG Project Agreements Act

Vancouver, B.C. - July 23, 2015 - Highbank Resources Ltd. (the "Company"), TSX Venture: HBK. Victor N. Bryant, CEO/President comments:

"On Tuesday, July 21, 2015 at 5:40 pm the Government of British Columbia enacted Bill 30 - 'Liquefied Natural Gas Project Agreements Act'. The bill has now received Royal Assent, http://ow.ly/PV6Lk . On behalf of the Board of Directors and myself we commend B.C. Premier Christy Clark; B.C. Natural Gas Development Minister, Rich Coleman; and B.C. Finance Minister, Mike de Jong; on a fabulous truly historic effort in enabling British Columbia's, LNG industry."

In the News:

B.C. Premier, Christy Clark, said: "Liquefied natural gas represents an extraordinary opportunity for people throughout the province […] This legislation sets the stage for building a clean, competitive new industry that gives British Columbians a fair share of the benefits - thousands of jobs, new connections for small and medium businesses, and new revenue to benefit B.C. for years to come. The bill should clear the way for the 36-billion- dollar Pacific Northwest LNG project at Port Edward's Lelu Island, "and for all that there is yet to do, we're well on our way! We're not there yet, but let's celebrate - let's celebrate this milestone in British Columbia's history."

B.C.'s Finance Minister, Michael de Jong, said: "British Columbians own this resource and we have ensured a fair return for current and future generations who will benefit significantly […] LNG project proposals are the largest private sector investments the province has ever seen. With this legislation we have provided assurance for those seeking to make investments that the tax and royalty structure they operate under will be stable."

"LNG is a generational opportunity that is already creating jobs and training opportunities, and promises new revenue for British Columbians," said Natural Gas Development Minister Rich Coleman. "We are creating a better future and a better British Columbia for our children and grandchildren. That's something we can all be proud of."

Petronas issues Press release July 23, 2015 http://ow.ly/Q0qfX

"On Tuesday July 21, 2015 the government of British Columbia, announced the approval of Bill 30 -The Liquefied Natural Gas Project Agreements Act, satisfying one of the conditions of the Pacific NorthWest LNG - Final Investment Decision that was announced last month. The successful passage of our Project Development Agreement in the B.C. Legislature brings us one step closer to building Canada's first world - scale LNG Facility. The remaining condition of our Final Investment Decision, environmental approval from the Government of Canada, is being worked on diligently with First Nations, stakeholders and government representatives."

Read the rest of the article at www.noodls.com
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Highbank Resources Ltd.

CODE : HBK.V
ISIN : CA42982U1075
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Highbank Res. is a molybdenum exploration company based in Canada.

Highbank Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.4 millions, € 1.3 millions).

Its stock quote reached its highest recent level on June 29, 2007 at CA$ 0.81, and its lowest recent point on June 17, 2022 at CA$ 0.01.

Highbank Res. has 119 482 954 shares outstanding.

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Financings of Highbank Resources Ltd.
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