Highbank Updates and Reports on Market Activity
VANCOUVER, BC--(Marketwired - April 22, 2016) - Highbank Resources Ltd. (TSX VENTURE: HBK) (FRANKFURT: V7O), (the "Company").
Market Activity - April 20, 2016
Highbank has no material news to report that would have caused the substantially large and unusual volume of trading (April 20, 2016 - 1,956,400 shares - 93 trades, closing off -1/2 cent to 5 cents) and primarily involving one brokerage house.
The Company has requested the TSX Venture Exchange and IIROC - TSX Surveillance to review this trading activity.
Swamp Point North property update:
Further to our news release dated December 23, 2015 (Non-Disclosure Agreement with a Major North American Aggregate and Concrete Company), we wish to report that discussions with the NDA Company and Highbank are continuing.
From January 21 to February 26, 2016; Highbank commissioned a contractor to complete water settlement pond repairs and upgrading to various ditches, culverts and roads. The property will continue on winter care and maintenance until the Company can secure substantial aggregate orders to resume production.
The Company would like to thank its shareholders and investors for their continuing support during this period.
ON BEHALF OF THE BOARD OF DIRECTORS OF Highbank Resources Ltd.
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project , the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward-looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.
Neither the 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.
#600 - 625 Howe Street
Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648
Fax: (604) 683-1350