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Highbank Raising $560,000 Financing
Published : January 28, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2013) - Highbank Resources Ltd. (News - Market indicators)(FRANKFURT:V7O) (the "Company") - The Company is arranging a non-brokered private placement to raise up to $560,000.

The Company will be issuing up to 7.0 million units at $0.08 per unit. Each unit will consist of one common share and one two year transferable share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company for a period of two years at a price of $0.15 per share.

The Company will pay a finder's fee of up to 8% in cash or warrants. The financing will be subject to TSX Venture Exchange acceptance.

The Company will use the funds to continue development of the Swamp Point North aggregate project and working capital.


The Company has received loans in the aggregate amount of $50,000 from a non-related party. The loans bear interest of 5% per month. In consideration for the loans, the Company has agreed to issue, subject to regulatory approval, an aggregate of 62,500 common shares, at a deemed value of $0.08.

On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.

Gary Musil, CFO/Director

Neither 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.

Highbank Resources Ltd.
(604) 683-6648
(604) 683-1350 (FAX)

Highbank Resources Ltd.

ISIN : CA42982U1075
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Highbank Res. is an exploration molybdenum company based in Canada.

Highbank Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 7.0 millions as of today (US$ 5.3 millions, € 4.7 millions).

Its stock quote reached its lowest recent point on December 07, 2012 at CA$ 0.03, and its highest recent level on July 25, 2014 at CA$ 0.38.

Highbank Res. has 55 694 000 shares outstanding.

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Financings of Highbank Resources Ltd.
3/4/2013Completes 2nd Tranche-$136,600 of Private Placement
2/12/2013Completes 1st Tranche-$379,000 of Private Placement
1/28/2013Raising $560,000 Financing
Nominations of Highbank Resources Ltd.
4/9/2013Appoints James H. Place, P.Geo. to the Board of Directors
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