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HBK Highbank Resources Ltd

0.015
0.00 (0.00%)
06 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Highbank Resources Ltd TSXV:HBK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.015 0.01 0.015 0 01:00:00

Highbank Signs Tug & Barging Letter of Intent and Completes 'OLTC' Timber Assessment

27/03/2014 1:00pm

Marketwired Canada


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

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Highbank Resources Ltd.
(604) 683-6648
(604) 683-1350 (FAX)
highbank@telus.net
www.highbankresources.com

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