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Highbank Completes 1st Tranche-$379,000 of Private Placement
Published : February 12, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2013) - Highbank Resources Ltd. (News - Market indicators)(FRANKFURT:V7O) (the "Company") -

The Company has completed the 1st tranche of the non-brokered private placement for 4,737,500 units at $0.08 per unit for gross proceeds of $379,000. Each unit consists 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 paid finder's fees of 8% cash for a total of $13,360 and 70,000 warrants. All securities issued under the private placement are subject to a hold period expiring on June 8, 2013.

The Company will use the funds to continue development of the Swamp Point North aggregate project and working capital. The Company continues to receiver further subscriptions and expects to close a 2nd tranche shortly.

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.
Gary Musil
(604) 683-6648
(604) 683-1350 (FAX)
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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$ 9.5 millions as of today (US$ 7.5 millions, € 6.9 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
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/ 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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