B.C. Gov't. Signs Revenue-Sharing Agreements With Lax Kw'alaams & Metlakatla First Nations; & Sole Proponent Agreements ("SPA...
April 11 2014 - 12:15PM
Marketwired
B.C. Gov't. Signs Revenue-Sharing Agreements With Lax Kw'alaams and
Metlakatla First Nations; and Sole Proponent Agreements ("SPA")
With Aurora LNG and Woodside
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 11, 2014) -
Highbank Resources Ltd. (TSX-VENTURE:HBK)(FRANKFURT:V7O), (the
"Company").
B.C. and First Nations
sign first LNG revenue-sharing agreements:
http://ow.ly/vEFLB
The revenue-sharing agreements with Lax Kw'alaams and Metlakatla
First Nations share a portion of provincial government revenues
from Sole Proponent Agreements ("SPA") related to the Grassy Point
lands, and proponents Aurora LNG and Woodside. The Grassy Point
lands have been identified as the potential site for new LNG export
facilities and the SPAs give the proponents the exclusive right to
move forward with activities to inform planning for LNG
development.
Victor N. Bryant states that, "cooperative agreements such as
these, and our agreement with the Metlakatla (HBK- Metlakatla nr
-November 5, 2012 http://ow.ly/vEFTe ) symbolizes the essential
local community engagements that will see these LNG projects
through to completion."
B.C. Minister of Aboriginal Relations and Reconciliation John
Rustad, comments… "I applaud the vision and commitment of the Lax
Kw'alaams and Metlakatla leadership and their communities. This
kind of collaboration with First Nations will underpin the economic
security of their communities now and in the future and create
greater certainty for the First Nations, industry and
government."
Highbank updates on
Swamp Point North, Portland Canal aggregates project:
The Company has achieved another milestone in completing our
financial obligation to the Ministry of Energy and Mines ("MEM")
and the people of British Columbia with this final payment of a
total $189,500 for the reclamation security deposit, as required
prior to the Company initialing mobilization to the project
site.
The Company has submitted our Occupant License to Cut ("OLTC")
application with the Ministry of Forest, Lands and Natural Resource
Operations "(FLNRO"). Mr. Stan Spletzer, V.P. of Aggregate
Operations has sourced local first nations to complete the logging
upon receipt of the OLTC permit.
The Company has also called for bids for the construction of the
'Load Out' barge and moorings facility, a key piece of the project
for shipping aggregate to projects at Grassy Point (35 miles south
by water), the Port of Prince Rupert and area infrastructure
expansion, and the proposed $11 billion Pacific Northwest LNG
facility proceeding to permit on Lelu Island.
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.
Highbank Resources Ltd.Gary MusilCFO/Director(604) 683-6648(604)
683-1350highbank@telus.netwww.highbankresources.com
Highbank Resources (TSXV:HBK)
Historical Stock Chart
From Sep 2024 to Oct 2024
Highbank Resources (TSXV:HBK)
Historical Stock Chart
From Oct 2023 to Oct 2024