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TOPIC: HBK.V - Highbank Resources ($240,000 Placement)

HBK.V - Highbank Resources ($240,000 Placement) 6 years 1 month ago #3696

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NEWS RELEASE
Highbank arranges $240,000 placement

Vancouver, B.C. – July 15, 2013 – HIGHBANK RAISING $240,000
Mr. Gary Musil reports:
Highbank Resources Ltd. is arranging a non-brokered private placement to raise up to $240,000.
Private placement
The company will be issuing up to three million units at eight cents 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 10 cents per share in the first year and 12 cents per share in the second year.
The company will pay a finder’s fee of up to 8 per cent 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 board of directors would like to thank the company’s shareholders for their continued support in these difficult markets throughout the past year.
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
“Gary Musil”
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.

Link to the release: http://www.highbankresources.com/705/
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