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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.

Other

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@telus.net
www.highbankresources.com
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Highbank Resources Ltd.

CODE : HBK.V
ISIN : CA42982U1075
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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
Corporate news of Highbank Resources Ltd.
9/26/2013on Swamp Point North Aggregate Project Permitting & Extensio...
8/6/2013on Archeological Survey & Swamp Point North Aggregate Projec...
7/15/2013Raising $240,000
6/27/2013on Swamp Point North Aggregate Project Permitting
5/30/2013Annual Meeting Results & Re-Launces Website
4/12/2013B.C. Government Announces Four More Proposed LNG Projects at...
4/3/2013Portland Canal Swamp Point Update & Micon Retained
3/7/2013Smartstox.com Spotlights Highbank and Its Portland Canal Agg...
1/16/2013& Portland Canal Receives Acceptance for Renewals of Licence...
1/16/2013& Portland Canal Receives Acceptance for Renewals of Licence...
1/16/2013& Portland Canal Receives Acceptance for Renewals of Licence...
1/14/2013Cancels 14 Million Escrow Shares and Returns to Treasury Re ...
11/5/2012Signs Cooperation Agreement With Metlakatla
11/5/2012Signs Cooperation Agreement With Metlakatla
10/25/2012Initiative to Develop Swamp Point Aggregate
7/18/2011More Drill Targets Revealed from IP Survey on Highland Valle...
5/12/20112000 Meters of HQ Drilling Targeted for Chataway Creek and Z...
5/4/2011Seeking Costs After Favourable Appeal Court Ruling
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TSX-V (HBK.V)Other OTC (HBKRF)
0.165+0.00%0.160+0.00%
TSX-V
CA$ 0.165
04/16 15:58 -
0%
Prev close Open
0.165 0.170
Low High
0.165 0.170
Year l/h YTD var.
0.080 -  0.180 83.33%
52 week l/h 52 week var.
0.050 -  0.180 135.71%
Volume 1 month var.
88,000 17.86%
24hGold TrendPower© : 20
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DateVariationHighLow
201465.00%0.140.08
2013100.00%0.140.05
2012-44.44%0.110.03
20110.00%0.110.05
2010-10.00%0.130.04
 
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