The Conversation (0)
Highbank Proceeding With 3rd Tranche and Oversubscriptions of Financing
Jan. 19, 2016 11:00AM PST
Company News
Highbank Resources (TSXV:HBK) announced that further to our news release of September 17, 2015 whereby the Company proposed a private placement of 7.0 million shares, the Company is increasing the private placement from 7.0 million to 8.0 million units.
Highbank Resources (TSXV:HBK) announced that further to our news release of September 17, 2015 whereby the Company proposed a private placement of 7.0 million shares, the Company is increasing the private placement from 7.0 million to 8.0 million units.
As quoted in the press release:
On October 2, 2015 the Company confirmed closing of the 1st tranche of 2,006,250 units and on January 12, 2016 announced the completion of the 2nd tranche of 4,380,000 units for a total of 6,386,250 units to date.
The Company is continuing to receive subscriptions for this non-brokered private placement and is expecting to close the 3rd tranche of 1,613,750 units shortly. The Company will pay a finder’s fee of up to 8% in cash or warrants. The Company will use the funds to continue development of Swamp Point North aggregate project and for working capital.
Connect with Highbank Resources (TSXV:HBK) to receive an Investor Presentation.