|By Marketwired .||
|May 26, 2014 09:00 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/26/14 -- Highbank Resources Ltd. (TSX VENTURE: HBK)(FRANKFURT: V7O) (the "Company").
Mr. Victor N. Bryant, CEO reports:
Occupant Licence to Cut and Remove Timber ("OLTC")
The Minister of Forest, Lands and Natural Resource Operations has completed its review of our application for an OLTC and issued the Licence. The Company will be arranging execution of the Licence and preparing for mobilizing the logging equipment and personnel to the site.
Swamp Point North equipment purchasing and mobilizing
Through the past month the Company and V.P. of Aggregate Operations, Stan Spletzer, have been busy purchasing equipment and transporting it to Spletzer's - Solid Holdings property in Houston, B.C., where all the equipment is undergoing a complete review prior to mobilizing to the Portland Canal North aggregate site. The Company has purchased: 2 - 35-ton Case Haulage Trucks; a D8N Cat Bulldozer; a 27 foot Boat for moving personnel and supplies; a Ford 350 Truck c/w welder, compressor and extensive tools; a Cone Crushing Plant, Jaw Crusher and Washing Plant, and much ancillary equipment - basically everything required to develop the site and commence our at-surface mining of the aggregate. The Company has also started assembling the conveyor structures and equipment.
LNG in B.C. Conference
Last week, (May 21-23, 2014) the Company presented with almost 200 other exhibitors at the 2nd Annual International LNG in B.C. Conference, held in Vancouver. The conference brought together community leaders, First Nation leaders, educators, environmental groups, elected officials and LNG proponents from across B.C. and around the world, representing the vast reach of the LNG industry. Organized by the Ministry of Natural Gas Development, this conference was a meeting ground for discussion, networking, information gathering and building knowledge excellence for this sector.
Canadian LNG Exports -Multistakeholders Collaboration Initiative 2014
The Company has been requested and accepted, to present Highbank Resources, Swamp Point (North) aggregate project at this event to be held at the Pan Pacific Vancouver Hotel on June 18th and 19th, 2014. The event will bring all of the 5 key stakeholder groups together in one place. These groups comprise - Terminal Developers, Pipeline Developers, Regulators, Asian Buyers and First Nations. The initiative will have a specific focus on partnership opportunities between the parties, and with the broader Canadian Oil & Gas service sector at large.
Annual General & Special Meeting of Shareholders - June 16, 2014
The Company has received confirmation from its transfer agent - CST Trust Company, that the Annual and Special General Meeting (the "Meeting") Information Circular, Proxies, and related materials have been mailed to Registered Shareholders and Non Objecting Beneficial Owners of Highbank Resources Ltd. "Common" shares of Record Date -May 12, 2014. The Meeting will be held on June 16, 2014, at the XChange Conference Centre, 2nd Floor, 888 Dunsmuir Street, Vancouver, B.C. on June 16, 2014, at the hour of 10:00 a.m. Vancouver time.
The Company announces that it has granted 125,000 incentive stock options to consultants. Subject to the approval of the TSX Venture Exchange, each stock option is exercisable into one common share of the Company for a period of three years from the date of grant, at a price of $0.15 per share.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
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.
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