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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

Highbank Resources Ltd.

CODE : HBK.V
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$ 2.8 millions as of today (US$ 2.2 millions, € 1.9 millions).

Its stock quote reached its highest recent level on July 25, 2014 at CA$ 0.38, and its lowest recent point on November 20, 2015 at CA$ 0.05.

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
Corporate news of Highbank Resources Ltd.
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8/31/2015Highbank Raising $500,000 Financing
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8/14/2015HIGHBANK RESOURCES UPDATES SPN WORK and Comments on an Estim...
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8/14/2015HIGHBANK RESOURCES UPDATES SPN WORK and Comments on an Estim...
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8/14/2015HIGHBANK RESOURCES UPDATES SPN WORK and Comments on an Estim...
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8/14/2015HIGHBANK RESOURCES UPDATES SPN WORK and Comments on an Estim...
8/14/2015HIGHBANK RESOURCES UPDATES SPN WORK and Comments on an Estim...
8/14/2015HIGHBANK RESOURCES UPDATES SPN WORK and Comments on an Estim...
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6/5/2015Highbank Receives Approval of $900,000 Working Capital Finan...
5/15/2015Highbank Arranging a $900,000 Working Capital Financing & LN...
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5/5/2015Preliminary Economic Assessment For Swamp Point North Aggreg...
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4/14/2015Leave a comment
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3/13/2015Highbank Resources – February 2015 Presentation
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3/11/2015SPN Quarry Project & LNG Updates
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12/8/2014HIGHBANK YEAR-END UPDATE
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12/8/2014IIROC Trading Resumption - HBK
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12/4/2014Video – Swamp Point North Site Conveyor Operational
12/4/2014Leave a comment
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11/28/2014Swamp Point North Site Inspection Videos & Images
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1/14/2013Cancels 14 Million Escrow Shares and Returns to Treasury Re ...
11/5/2012Signs Cooperation Agreement With Metlakatla
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10/25/2012Initiative to Develop Swamp Point Aggregate
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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