TSX - "HBK"
12g3-2(b): 82-1508
November 14, 2005
Further to the TSX Venture Exchange bulletin dated November 4, 2005, Highbank Resources Ltd. (“HBK”) is pleased to announce the completion of the 1,200,000 units at a price of $0.20 per unit for gross proceeds of $240,000 to 34 placees. Each unit is comprised of one share and one share purchase warrant entitling the subscribers to purchase 1,200,000 shares at an exercise price of $0.30 for a one year period or $0.40 in the second year. Finders fee of 5,000 shares were also issued.
The shares and warrants are subject to a statutory four month hold period expiring March 8, 2006.
OTHER
Further to our announcement dated January 25, 2005 the non-brokered private
placement for 1,892,000 units at $0.185 with a one year warrant at $0.27 will
expire on January 31, 2006. Due to Exchange policy the Company is unable to
further extend these warrants.
ON BEHALF OF THE BOARD
Gary Musil, Secretary/Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.