Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to Warrants
Swamp Point North Aggregate - Permitting Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2013) - Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK)(FRANKFURT:V7O) has contracted Megatech Engineering Ltd. of Surrey, B.C. to supply the Company with Conceptual Engineering Drawings for our Swamp Point Barge Load-out structure. The drawings will form a part of the overall site plan and supplement the mine plan information to include the shore abutment for the marine works to the discharge into the barge loading area, including the required mooring structures and barge winch articulation. Micon International Limited is reviewing and compiling all the data and will be preparing the revised Notice of Work ("NoW") application for submission shortly and should be able to finalize the submission upon receipt of the Megatech documentation.
Warrant Extensions and Amendments
The Company is announcing that the TSX Venture Exchange has agreed to extend the terms of the following warrants:
Original Expiry - November 3, 2013 and November 29, 2013. These warrants were originally issued on November 3, 2011 and November 29, 2011 and had an expiry of two years. The Company has obtained regulatory approval to extend the expiry for an additional one year along with amending the exercise price from $0.20 to $0.15.
Original Expiry - February 7, 2015, February 27, 2015 and April 25, 2015 - These warrants were originally issued on February 7, 2013, February 27, 2013 and April 25, 2013 and had an expiry date of two years. The Company has obtained regulatory approval to amend the exercise price as to $0.12. All other terms remain the same.
The Company will not be issuing new warrants unless a written request is provided by the warrant holder to the Company. Warrant holders requiring the issuance of a new warrant should do so in writing to the Company at Suite 600, 625 Howe Street, Vancouver, B.C. V6C 2T6. New warrants will only be issued upon the warrant holder surrendering their original warrant.
If you have any questions, please feel free to contact the Company at (604)
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
Gary Musil, CFO and Director
The company has now re-launched its Corporate website www.highbankresources.com and www.highbankres.com. Aside from an updated user friendly presentation the site now acts as a "Virtual Investor Centre" for a broad range of social media platforms. Shareholders, potential investors, brokers, associated organizations and interested parties now may 'foll