Highbank Reports: Approvals & Updates-"Swamp Point North Aggregate Project"
May 01 2014 - 9:00AM
Marketwired Canada
Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company").
Mr. Victor N. Bryant, CEO reports:
On April 11, 2014 Highbank had the honour of hosting a meeting at its corporate
office in Vancouver with representatives of the Nisga'a Nation. Attending the
meeting were the Nisga'a Chief Administrator Officer - Les Clayton and Chief
Councilor - Franklin Alexcee. Also in attendance was Peter Lambright, President
of Hobiyee Management-Matrix Logistics & Hobiyee Management Ltd.
http://ow.ly/wlBM6 and Michael Kenney, General Manager of Matrix Aviation
Solutions http://ow.ly/wlFkY . Highbank's board was represented by CEO, Victor
N. Bryant and CFO, Gary Musil.
As a result of the meeting a Memorandum of Understanding ("MOU") was signed
between Hobiyee-Matrix Logistics, Hobiyee Management Ltd. ("HML") and Highbank
Resources Ltd. The purpose of the MOU is to outline the relationship moving
forward between the companies and principle agreements as follows:
- Highbank agrees to utilize services of HML, provide such services are
on a competitive basis and recognizing the rights of other First
Nations groups with traditional rights in the area. Some of the
services may include: camp rentals and/or upgrading existing
facilities; supplying local labour (ie. camp staff-cooks, medics); fuel
supply; helicopter and barging support.
- HML will facilitate a relationship between the Company and the
Nisga'a Village of Gingolx, B.C.
- Highbank and HML will help the Village of Gingolx, market and develop
the feasibility of the Gingolx community granite quarry project.
On April 22, 2014, Highbank received written notice from Fisheries and Oceans
Canada, that they have accepted our December 4, 2013, proposal to "Construct a
barge loading facility, comprised of barge moorage, barge mooring dolphins and a
pile supported aggregate conveyor, and barge landing ramp on Portland Canal".
The acceptance was received from the Pacific Biological Station, Fisheries
Protection Program, Pacific Region - Nanaimo, B.C.
On April 28, 2014, Highbank received verbal confirmation from the Canadian Coast
Guard that the Nisga'a has no conditions as to the traversing of its traditional
marine areas as a result of Highbank's barging activity.
Mr. Bryant further adds: "Highbank is in the final stages of achieving all other
NoW permit requirements which will enable Highbank to commence site work this
month, prior to production."
Other
The Company announces that it has granted 125,000 incentive stock options to
consultants. Subject to the approval of the TSX Venture Exchange, each stock
option is exercisable into one common share of the Company for a period of three
years from the date of grant, at a price of $0.15 per share.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President
This News Release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results that may prove to
be inaccurate as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected results.
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.
Gary Musil
CFO/Director
(604) 683-6648
(604) 683-1350 (FAX)
www.highbankresources.com
Highbank Resources (TSXV:HBK)
Historical Stock Chart
From Oct 2024 to Nov 2024
Highbank Resources (TSXV:HBK)
Historical Stock Chart
From Nov 2023 to Nov 2024