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TOPIC: Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to

Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to 5 years 2 months ago #10537

Highbank (TSX VENTURE: HBK) Closes 2nd Tranche - $1.3 Million Convertible Debenture and Swamp Point North Progress Update




VANCOUVER, BC--(Marketwired - August 08, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Highbank Resources Ltd. (TSX VENTURE: HBK)(FRANKFURT: V7O), (the "Company") is pleased to announce the closing of the 2nd tranche of its $1.3 million convertible debenture, as its Swamp Point North aggregate project moves closer to production.

Swamp Point North -project update
Mr. Victor N. Bryant, President/CEO reports: V.P. Operations Mr. Stan Spletzer, is presently onsite assisting in planning for preparation of stripping and mining activities; and for installation of the crushing and washing plant equipment. Final discussions are taking place with the pile driving company-part of the barge load-out facility, which we expect to be on site in the latter part of this month.

Convertible Debenture
Highbank closes the 2nd tranche -$1.3 million of our total $4 million convertible debenture financing.

The convertible debentures bears interest at the rate of 10% per annum and has a term of three years for repayment by the Company from revenues earned through the sale of aggregate from the Swamp Point North aggregate project. The debentures are convertible into shares of the Company at a price of $0.45 during the first year, $0.35 during the second year, and at a price of $0.25 in the third year.

The Company is paying cash finder's fees equal to 7-1/2% on a portion of the gross proceeds raised from the convertible debentures or $82,500 and 22,727 shares at a deemed price of $0.33 per share.

On Behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant,
CEO/President
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Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to 5 years 2 months ago #10523

Highbank (TSX VENTURE: HBK) (FRANKFURT: V7O), Continues Mobilization & Site Development at Swamp Point North




VANCOUVER, BC--(Marketwired - July 24, 2014) - Highbank Resources Ltd. (TSX VENTURE: HBK) (FRANKFURT: V7O), (the "Company").

Mr. Victor N. Bryant, CEO reports further on the development of Swamp Point North….

Mobilization & Site Development

The second barge load of equipment and supplies has been delivered from the Port of Prince Rupert to the Swamp Point North site. Since the arrival of the first barge load of equipment and supplies on June 27th, Stan Spletzer, V.P. of Aggregate Operations and his Solid Holdings Ltd. crew have been working aggressively on refurbishing the existing camp trailers, setting up the additional Atco trailer (containing dry room, showers, washrooms and laundry); rebuilding the service roadways from the foreshore to the camp and plant site; repairing and upgrading the crew boat landing dock; and other site clearing.

Mine Permitting

Further to the receipt of our 'Mines Act' Permit dated March 19, 2014 the Company has recently submitted to the Ministry of Energy and Mines ("MEM") the various 'special conditions' and other pertinent permit approvals which are an integral part of the permit such as:
1. An OHS plan (Occupation Health & Safety Policy Manual) as prepared by White North West Consulting;
2. A Health & Safety Training Plan, Wildlife Protection Plan, Monitoring Plan, MER Plan (Mine Emergency Response Plan), HMH Plan (Hazardous Materials Handling Plan), FMSC Plan (Fuel Management & Spill Contingency Plan), ISM (Invasive Species Management), & Reclamation Plan;
3. Misc. Permits and Licences including: Knight Piesold Consulting letter regarding the Water Management Plan (WM) Design;
(i) Knight Piesold Consulting letter regarding the Water Management Plan (WM) Design;
(ii) Ministry of Forest Lands and Natural Resource Operations (FLNRO) Occupant Licence to Cut and Remove Timber;
(iii) Transport Canada, Navigation Protection Program approval Notice of the Barge load-out facilities;
(iv) Fisheries & Oceans Canada review and acceptance re 'Implementation of mitigation measures to avoid and mitigate serious harm to fish';
(v) Additional Certificates for operating of the crew boat and camp, etc.

Upon acceptance and satisfaction of these 'special conditions', the Company will then be permitted to proceed into aggregate production.

Other

The Company has granted to 360 Aviation Services Inc. an option to purchase 500,000 common shares and a consultant an option to purchase 100,000 common shares, exercisable at the price of $0.25 per share for five years. The stock options granted will be in accordance with the Company's Stock Option Plan, subject to regulatory approval, will have the required four (4) months hold period, and will have vesting provisions attached.

ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.

"Victor N. Bryant"

Victor N. Bryant,
CEO/President
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Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to 5 years 4 months ago #9830

Highbank Resources (HBK.V) Mobilizes for Summer Aggregate Production


VANCOUVER, B.C., May 21, 2014 (GLOBE NEWSWIRE) -- The Prince Rupert area in Northern British Columbia is about to undergo a construction boom to rival Saudi Arabia's recent infrastructure bonanza.

Multiple massive construction projects include Petronas' commitment to a $36 billion LNG (Liquid Natural Gas) transfer station, and the $11 billion LNG facility in the Port of Prince Rupert area. Total announced construction projects in the region add up to about $60 billion.

Some local suppliers and "picks and shovels" business are going to reap the rewards from the 20 years-plus construction boom.

Highbank Resources (TSX-V:HBK) appears to be one of those companies. Swamp Point North Aggregate Project is just 78 miles north of Prince Rupert and has an at-surface NI 43-101 compliant aggregate resource of 72 million tonnes, with initial off-take commitments at least $22.50 per tonne. Aggregate is an industrial crushed rock that is the primary ingredient in concrete.

Highbank's path to production dominates the company agenda for this summer. HBK has received its Notice of Work (NoW) permit and is currently completing the remaining permit conditions prior to gaining access to the site.

The company expects to receive a timber cutting permit by the middle of May and permit for barging operations shortly after. The environmental baseline study has been completed and will form the basis of an application to expand production in the future. The company is now finalizing the mine operating procedures which are required prior to commencement of operations.

The location of the Swamp Point North Aggregate Project is one of Highbank's competitive advantages. Close to the Prince Rupert construction boom, it is also on tidewater, which creates significant cost advantages when moving bulk materials. Highbank can load the aggregate directly onto barges, whereas many of its competitors are forced to truck in the product.

"We have just completed a $2.7 million financing, which is the first tranche of $4.0 million to bring the property into production," states CEO and President Victor Bryant in an exclusive interview with Financial Press. "Those funds have been used to purchase two 35-ton trucks, a D-8 bulldozer, a 27 foot boat for personnel and supply transportation, a crusher and a washing plant and much ancillary equipment – basically everything we need to develop the site and start mining our at-surface aggregate."

Six individuals were involved in the current financing. Some of them are long term shareholders who believe in Highbank's upside and potential, harnessed to the $60 billion construction boom. Bryant describes them as 'entrepreneurial investors.'

Highbank recently signed a Memorandum of Understanding with Hobiyee-Matrix Logistics, outlining a mutually beneficial agreement between the two companies. This agreement complements a cooperative agreement signed in November 2012 with the Metlakatla.

"Matrix Logistics are a Yellowknife - based company, offering helicopter solutions and exploration logistics," states Bryant, Matrix has a Joint Venture Agreement with Hobiyee Management, a First Nation Corporation established to assist in ensuring that the Nisga'a people are able to participate in business opportunities as they arise. It is possible that Highbank will enter into service agreements with the Nisga'a Village of Gingolx, B.C to provide camp staff-cooks, medics and other personnel.

"It is our intention to employ as many qualified first nation people as possible in equipment operation and camp logistics. We see this not only as smart business, but also as a symbiotic relationship. Highbank has also offered to provide technical and advisory support to the Gingolx in developing other projects."

The Highbank Cooperation Agreement with the Metlakatla First Nation, states that they will participate in the economic benefits of aggregate project at Swamp Point North and through a working relationship in the Prince Rupert area.

In April 2014 Highbank received permission from Fisheries and Oceans Canada, to "Construct a barge loading facility, comprised of barge moorage, barge mooring dolphins and a pile supported aggregate conveyor, and barge landing ramp."

HBK also received verbal confirmation from the Canadian Coast Guard that the Nisga'a has attached no conditions as to the traversing of its traditional marine areas by Highbank's barges.

Aggregate is the world's most mined material next to oil. 2013 global sales revenues are around $100 billion. Annual Canadian consumption of aggregate is 10 to 15 tons per person.

About 75% of Highbank aggregate will be used in concrete. Much of the ground in the in the BC North has a heavy clay composition, which is not stable to build on. Construction companies will excavate the clay and use the more-stable aggregate to back-fill to ensure foundation strength.

It is often a good entry point to invest in companies on the concrete-supply chain just prior to a construction boom.

For context, Saudi Cement (SACCO-AB) manufactures building materials like Portland concrete and oil well cements. Its primary market is Saudi Arabia, which is undergoing an infrastructure boom. SACCO stock price has increased 300% in the last three years.

"We anticipate being in commercial production by the end of August, 2014, achieving our annual production rate of 235,000 tonnes by November," states Bryant, "starting with the 150,000 tonne order from North Coast Concrete. But of course our big opportunity is the $60 billion LNG market which will explode in 2015."

Highbank is currently trading at $0.14 with a market cap of $11.3 million
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Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to 5 years 5 months ago #9026

Highbank (TSX VENTURE:HBK) Compliments B.C. Government LNG Milestones




VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company" or "Highbank").

President Victor N. Bryant reports: "Highbank, and its board of Directors on behalf of the shareholders compliments B.C. Premier, Christy Clark; B.C. LNG Minister, Rich Coleman and their staff on an absolutely outstanding job in furthering the B.C. LNG build." "We British Columbians are being well served under Christy Clark's, Premiership." "Having some familiarity with seeing large scale projects through to completion I foresee many of these proposed projects building sufficient momentum to see them through to commercial fruition." "The milestones of the last 9 days are indicative to the Standing B.C. Governments, extraordinary efforts in building a strong economic future for British Columbia and Canada."

April 30, 2014 - Province opens doors to Asian investment in LNG. Launches 5th Trade mission to Malaysia, Singapore and Hong Kong May 02-09 2014. Rich Coleman: "By supporting the development of this new export industry, we are creating unprecedented economic opportunities for the people of British Columbia."

Story and Video link http://ow.ly/wDP7H

May 02, 2014 - B.C. LNG Minister Reports Grassy Point, Aurora LNG project obtains support from the National Energy Board. http://ow.ly/wDNWw LNG Minister Rich Coleman states, "Our government's strategy to build this new industry continues to gain momentum. This is now the ninth export licence to receive approval. We look forward to working alongside Aurora LNG as they continue to plan a project at Grassy Point near Prince Rupert following the signing of a sole proponent agreement with us last year."

May 05, 2014 - B.C. Government and PETRONAS commit to developing LNG Industry. From Kula Lumpur, Malaysia, Premier, Christy Clark States: "Our goal is to be the most competitive jurisdiction in the world for LNG, and build a sustainable industry that creates 100,000 jobs, and opportunities for generations to come - and we're gaining momentum every day."

Story and Video http://ow.ly/wDRjn

May 07, 2014 - Commitment between B.C. and Woodfibre advances LNG Woodfibre. Spokesperson, Imelda Tanoto. "Reaching this agreement with Premier Christy Clark is a strong signal to our company that the Government of British Columbia is committed to the success and viability of the LNG sector."

Story and Video http://ow.ly/wDF6n

Highbank Resources Ltd. has the distinct honour of being a guest exhibitor of LNG-Buy BC at the upcoming 2014 International LNG in B.C. Conference - May 21-23, 2014, being held at the B.C. Trade and Convention Center. Come visit with us at our booth # 903. To register http://ow.ly/wE10X.

On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.

Victor N. Bryant, CEO/President
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Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to 5 years 6 months ago #4297

Highbank (TSX VENTURE:HBK) Raising $4,000,000




VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 3, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(V7O.F) (the "Company") is arranging non-brokered Convertible Debenture financings up to $4,000,000.

Convertible Debenture/Loan Financing

Highbank is arranging Convertible Debenture/Loan Financings of up to $4 million of 10 percent convertible debentures. The convertible debentures will have a maturity of three (3) years from the date of signing, and will be convertible into common shares based on the following terms, or repaid from aggregate production revenues:

-Providing 90 calendar days' notice to the Company:

(a) converting the principal amount within one year of anniversary of signing -the conversion price will be calculated at $0.45 per share;
(b) converting the principal amount within two years of anniversary of signing - the conversion price will be calculated at $0.35 per share;
(c) converting the principal amount within three years of anniversary of signing - the conversion price will be calculated at $0.25 per share.

Interest Payable - Annually at 10% -Immediately accruing upon receipt of funds; and payable on a quarterly basis commencing 90 days following the month at which the Company reaches agreed tons of aggregate production. The investors can convert the interest at any quarter with the investor giving the Company 30 days' notice. Conversion is based on the greater of the market price of the Company's shares (as defined in the TSX Venture Exchange Policy 1.1) and the twenty (20) day weighted average price from the date of the conversion notice.

The Company will pay a finder's fee based on recommended TSX Venture Exchange policy guidelines and regulatory approvals. The financing will be subject to TSX Venture Exchange acceptance.

The net proceeds of the financing will be used to continue development to production, and start-up costs of the Swamp Point North aggregate project, and general working capital.

The Company has received expressions of interest of up to $2.7 million of the $4 million financing, and is expecting to sign definitive agreements soon.

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.
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Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to 5 years 6 months ago #4280

Highbank (TSX VENTURE:HBK) Signs Tug & Barging Letter of Intent and Completes 'OLTC' Timber Assessment




VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 27, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company" or "Highbank") is pleased to announce:

TUG & BARGING LETTER OF INTENT ("LOI")

Highbank has signed a LOI with West Coast Tug & Barge Ltd.("West Coast Tug") of Campbell River, B.C. for barging aggregate from the Swamp Point North operation to destinations in the Port Simpson and Prince Rupert area. Highbank is pleased with the scheduling from West Coast Tug to provide two barges to operate from the property, which allows one to be loaded while the other is en route with aggregate to its destination or returning for re-loading.

It is anticipated that this LOI will be formalized soon and be in operation for the duration of all the construction projects in the northwest coast area. Victor N. Bryant comments, "With this agreement in place, Highbank is now able to deliver aggregate production at very competitive prices."

OCCUPANT LICENCE TO CUT ("OLTC")

Mr. Stan Spletzer, V.P. of Aggregate Operations, accompanied by a representative of Cypress Forest Consultants Ltd. of Terrace, B.C. helicoptered to the Swamp Point North site on March 24, 2014. A merchantable timber assessment was compiled and a report was delivered to Highbank. This assessment will be used to compile our OLTC application to the Ministry of Forests, Lands and Natural Resource Operations ("FLNRO").

Highbank is proceeding forward with providing the Ministry of Energy and Mines ("MEM"), with final engineered construction drawings, and further documents, as required within (30) days prior to mobilization to the site.

On behalf of the Board of Directors of

HIGHBANK RESOURCES LTD.

Victor N. Bryant, CEO/President
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