Vancouver, B.C. - August 6, 2015 - Highbank Resources Ltd. (TSX.V -"HBK"), (the "Company").
In the News:
Victor N. Bryant, CEO/President comments:
"The recent series of announcements detailed in this news release in my opinion heralds the beginning of the transportation infrastructure build required to support B.C. LNG in the North Coast region. We here at Highbank cheer on these projects and have been active in the quotation process to supply aggregates."
Province gives out $115 million in natural gas royalty credits:
July 31, 2015 - Adam Reaburn, Energetic City.ca -Everything Fort St. John http://ow.ly/QvgOV
"The Province has approved $115 million in royalty deductions to support the construction of 14 infrastructure projects in northeastern B.C. The B.C. Infrastructure Royalty Credit Program (IRCP), was designed to facilitate the construction of new resource roads and pipelines."
$5 million investment to bring shore-based radar to the waters of the North Coast:
Shaun Thomas- Northern View - July 31, 2015 http://ow.ly/QxWFT
The project, which includes a $2 million investment from Western Economic Diversification Canada, will see three radar towers installed to provide radar coverage 50 nautical miles west to the northern tip of Haida Gwaii and north beyond the Alaska border. The 6.5 metre TERMA Scanter 5102 towers will be installed on an existing tower on Mount Hays, on Ridley Island and on Dundas Island, located 30 kilometres northwest of Prince Rupert.
"This project will result in a new and foundational piece of our marine safety and security network at the Port of Prince Rupert, providing an additional layer to the maritime picture we use to keep our harbour safe and ensure a diverse range of cargoes continue to flow securely through our trade gateway," said Don Krusel, President and CEO of the Port of Prince Rupert.
To view a progress report of the Port of Prince Rupert infrastructure projects http://www.rupertport.com/future
Propane export plant site lined up, AltaGas to build B.C.:
Dan Healing, Calgary Herald. July 30, 2015 http://ow.ly/QvhxL
AltaGas Ltd. has advanced its plan to be the first to export liquefied propane from the B.C. coast, announcing Thursday it has struck an exclusive deal on an unspecified site and that it will build a new gas fractionating plant in northeastern B.C. to ensure supply. Chairman and Chief Executive David Cornhill states: "The Calgary-based Company could invest over $1 billion over the next two years in B.C., including the liquefied petroleum gas (LPG) plant on the coast, the new fractionation facility worth about $100 million at Fort St. John and its previously announced $350-million Townsend gas plant in northeastern B.C., along with associated pipelines."