Highbank Reports: Approvals & Updates-"Swamp Point North Aggregate Project"
May 01 2014 - 9:00AM
Marketwired
Highbank Reports: Approvals & Updates-"Swamp Point North
Aggregate Project"
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2014) -
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.
Highbank Resources Ltd.Gary MusilCFO/Director(604) 683-6648(604)
683-1350www.highbankresources.com
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