TSX - "HBK"
12g3-2(b): 82-1508
October 18, 2005
Highbank Resources Ltd., due to a very positive market reception, is increasing its proposed non-brokered private placement financing (see September 20, 2005 news - $200,000). It will comprise of 1,250,000 units at a price of $0.20 per unit. Each unit consists of one common share plus one share purchase warrant to purchase an additional share at $0.30 within one year or $0.40 within the second year from the date of issuance.
The financing is subject to regulatory approvals.
ON BEHALF OF THE BOARD
Gary Musil, Secretary/Director
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