- Partner News
- Media Releases
- Mainstream News
Vancouver, B.C. – July 05, 2022 – Highbank Resources Ltd. (the “Company”) (TSX.V –“HBK”) announces that it has arranged a private placement financing (the “Financing”) of $300,000 through the issuance of 6,000,000 Units (the “Units”) at $0.05. Each Unit will consist of one common share of the Company and one-half transferable warrant exercisable at $0.075 in the first year and $0.10 in the second year.
The Company intends to use the proceeds of the Financing for working capital. The Company intends to pay finder fees of up to 8% cash and 8% warrants, subject to compliance with applicable securities legislation and TSX.V policies.
The securities to be issued will be subject to a four-month and one day hold period from closing. The terms of the Financing are subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including final approval of the TSX.V.
About Highbank Resources Ltd.
Highbank Resources Ltd. is engaged in the business of acquiring and developing mineral projects located in North America.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, CFO/Director
98 total views, 2 views today