TSX - "HBK"
12g3-2(b): 82-1508
June 7, 2010
Highbank Resources Ltd. (the “Company”), (“HBK”) held its Annual General Meeting, June 4, 2010. At the meeting the shareholders re-elected Jake Bottay, Gary Musil, Victor N. Bryant and Luard J. Manning and recently appointed Bradley L. Jones to the Board for the upcoming year. Following the meeting the directors appointed Jake Bottay as President/Chief Executive Office and Gary Musil as Corporate Secretary/Chief Financial Officer.
All other resolutions were approved and there was no new business arising from the floor.
Management would like to thank the Company’s shareholders for their continued support.
Other
Further to our news release dated April 6, 2010, the Company is extending the
completion of a non-brokered private placement to raise up to $1,000,000 through
the issuance of 10,000,000 units at $0.10 per unit. Each unit will consist of
one common share and one full two year transferable share purchase warrant.
Each full warrant will entitle the holder to purchase one additional common
share of the Company for a period of two years at a price of $0.25 per share.
ON BEHALF OF THE BOARD OF DIRECTORS
“JAKE BOTTAY”
Jake Bottay,
CEO/Director
Statements contained in this news release contain certain forward-looking
statements and information relating to Highbank’s future plans, timing
of development or potential expansion or improvements. Such forward-looking
statements are subject to risks and uncertainties which could cause actual results
to differ materially from estimated results. Such risks and uncertainties include,
but are not limited to, Highbank’s ability to raise sufficient capital
to fund development, changes in economic conditions or financial markets, changes
in prices for Highbank’s aggregate products, increases in environmental
and other regulatory developments, operational difficulties or inability to
obtain permits encountered in connection with our development activities, and
changing foreign exchange rates.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.