Highbank announces Results of Annual General Meeting
Press Release
Vancouver, B.C. – February 5, 2021 – Highbank Resources Ltd. (TSX.V – “HBK”), (the “Company”).
The Annual General Meeting (“AGM”) of Highbank Resources Ltd. was held February 5, 2021 in the boardroom of our new office location at #615 – 800 West Pender Street, Vancouver, B.C. At the meeting shareholders re-elected James H. Place, Gary Musil, and William J. Loucks, for the upcoming year. The scrutineer reported that there was a total of 10 shareholders holding 8,200,975 common shares represented in person or by proxy at the meeting. This represents 5.86% of the total 139,906,621 shares issued and outstanding at record date.
The results of the Election of Directors were:
| Nominee | Votes for | Percent | Votes Withheld | Percent |
| James H. Place | 8,131,475 | 99.15% | 69,500 | 0.85% |
| Gary Musil | 7,731,475 | 94.28% | 469,500 | 5.72% |
| William J. Loucks | 7,792,975 | 95.02% | 408,000 | 4.98% |
Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company’s Incentive Stock Option Plan (99.91% in favour). Shareholders also approved the re-appointment of Crowe MacKay LLP, Chartered Accountants as auditors for the ensuing year, and authorized the Directors to fix their remuneration (100% in favour).
Other resolutions submitted by management to shareholders for consideration were approved as presented; including the ratifying of the Company’s Advance Notice Policy (“ANP”) as attached to the Information Circular as Schedule “C”. In order for the ANP to remain in effect, the ANP must be ratified, confirmed and approved at each subsequent Annual General Meeting (99.15% in favour).
At the Directors Meeting following; the Directors appointed James H. Place as President/Chief Executive Officer & Chairman, and Gary Musil as Corporate Secretary/Chief Financial Officer. The Audit Committee appointees are: Gary Musil, William (Bill) J. Loucks, and James H. Place.
The Board of Directors would like give a special Thank you to Luard J. Manning, P.Eng. who did not stand for re-election; for his 18+ years as a Director, Audit Committee Member, Advisor, and support to Highbank. Luard is a Life Member B.C. Professional Engineers and CIMM. Good Luck in his retirement, and health. Stay safe and test negative!!
The Board of Directors would also like to thank the Company’s shareholders for their continued support throughout the past year.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD
“James H. Place”
Jim Place,
CEO/Director
IBF4
