Hillsborough Resources (HLB)

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Thanks to poster up-down on the Coal board of IHub

Hillsborough Resources Ltd.
1200 W. 73rd Ave.
Suite 925
Vancouver, BC V6P 6G5
Canada

http://www.hillsboroughresources.com

Phone: [phone]

Transfer Agent
Computershare Trust Company of Canada Inc.,
510 Burrard St.
3rd Floor
Vancouver, BC V6C 3B9
Canada

Coal revenue: ($)
24,285,075 (2006)
22,086,973 (2005)
23,395,086 (2004)

Net earnings: (loss) ($)
(5,384,822)(2006)
1,141,024 (2004)
1,811,056 (2004)

The results of 2006 also include the interest
expense related to both the Anglo Coal loan of $4.5 million,
which was outstanding from the end of 2005 through
November 2006, and the capital lease obligation which was
newly established in the fourth quarter of 2005.

The Corporation had long
term financial debt at December 31, 2006 of $2,912,421,
including capital lease obligations, versus $6,664,506 at
December 31, 2005, with the decrease resulting primarily
from the elimination of the Anglo Coal loan of $4.5 million
plus accrued interest as part of the property interest
crystallization.

http://www.hillsboroughresources.com/investor_relations/annual_report.php

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OS: 58,434,986
Employee Count (2005/2004): 138 / 83

http://www.stockhouse.com/comp_info.asp?symbol=HLB&table=list


Hillsborough Announces Settlement of Lawsuit 1/17/2008 12:28:18 PM

Hillsborough Announces Increase of Debenture Financing From $7 Million to $10 Million 1/17/2008 12:26:44 PM

The Maybach Review: Has added Hillsborough Resources Ltd. to their watch list 1/17/2008 11:02:17 AM

Hillsborough Announces Q4/08 Sale of 130K Tonnes at US $91 Per Tonne FOB and the Sale of Surplus Equipment for CDN $1.2 Million 1/16/2008 2:59:25 PM

Pinnacle Digest: Major Appointment Sparks Review 1/14/2008 5:25:27 AM

Hillsborough Appoints Vice President Finance-Chief Financial Officer 1/11/2008 12:19:30 PM

Hillsborough Expanding Production at Quinsam Mine as Global Coal Price Heats Up; New Mining at 2 South Starts in December 12/6/2007 12:49:45 PM

Hillsborough Closes $3 Million Equity Private Placement With MinQuest Capital 11/19/2007 2:11:19 PM

Hillsborough Resources Limited: Quinsam Mine Production Update 11/16/2007 3:09:37 PM

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Hillsborough Resources Limited is a coal mining company that operates the Quinsam underground thermal coal mine in Campbell River, British Columbia serving the local and west-coast U.S. cement industry.

The Corporation holds a 20 percent interest in the Peace River Coal Limited Partnership, which has substantial metallurgical coal properties both in production and start-up and under development near Tumbler Ridge, British Columbia. In addition, Hillsborough is reviewing opportunities to develop the proposed Wapiti thermal coal mine in the same region.

The Corporation also holds the Bingay Creek metallurgical coal property located in the Elk Valley region of Southeast British Columbia, and coal bed methane licences on Vancouver Island. It also owns and operates the Middle Point Barge Facility near Campbell River, BC and GH Fuels Limited, which caters to greenhouse operators in British Columbia.

Hillsborough has been a publicly traded company since 1988 and shares of the Corporation are listed for trading on the Toronto Stock Exchange under the symbol “HLB”.

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January 17, 2008 - Hillsborough Resources Limited (HLB:TSX) is pleased to announce that it has modified and increased its previously-announced debenture financing such that it is now seeking to raise $10,000,000 in unsecured, five year, 10% convertible debentures. Under the terms of the new financing, Salman Partners will act as agent on a best efforts basis while Hillsborough’s largest shareholder, MinQuest Fund 1, LP will commit a lead order of $2 million. As a result, MinQuest Fund 1, LP’s stake in Hillsborough will rise to approximately 15% on a fully diluted basis.

The debentures have a 5 year term and are convertible into common shares of Hillsborough at any time up until maturity at a conversion price of $0.60 per share. After two years, the Corporation has the right, under certain circumstances, to redeem the debentures. The transaction is subject to due diligence and to regulatory approval.

The expected closing date of the transaction is February 13, 2008. Proceeds will be committed to capital equipment at the Quinsam mine and wash plant, as well as to definition drilling and feasibility work at 7 South and Quinsam North projects. Cash commitments at Hillsborough’s Peace River Coal Partnership will also be addressed.

The above financing will enable Hillsborough to optimize its operations and to take full advantage of current coal prices which are unprecedented in the Company’s history.

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Looking into the Hillsborough Resources Limited (TSX:HLB), performance for yesterday January 17, 2008 we can notice that the Canadian Market reacted to the lawsuit settlement. By late afternoon on January 17, 2008 the stock was up 7 percent on higher average volume.

An agreement with the plaintiffs in an Alberta-bench lawsuit lodged in 2004 against the Hillsborough Resources Limited Hillsborough Resources Limited claiming an amount of $21,000,000 as announced on January 17, 2008 by Hillsborough Resources Limited (TSX:HLB), The lawsuit arose as a result of a failed business transaction between the two parties.

Settlement terms are as follows: - Cash payment of approximately $78,000 covering certain equipment acquired by Hillsborough under the terms of the original agreement, and - Delivery from escrow of 100,000 common shares in the capital of the Corporation The balance of the escrowed Hillsborough shares numbering 582,680 shares, will be returned to the Corporation for cancellation.

Hillsborough Resources Limited is a coal mining company that operates the Quinsam underground thermal coal mine in Campbell River, British Columbia, serving the local and west-coast U.S. cement industry. The Company is a limited partner in the Peace River Coal Limited Partnership, which has substantial metallurgical coal properties both in production start-up and under development near Tumbler Ridge, British Columbia. In addition, the Company is developing the proposed Wapiti thermal coal mine in the same region. Hillsborough also holds the Bingay Creek metallurgical coal property located in the Elk Valley region of southeast British Columbia.

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