Highbank Resources Comments on Passing of LNG Project Agreements Act

Highbank Resources (TSXV:HBK) commented on the recent announcement that the Government of British Columbia has enacted Bill 30, the ‘Liquefied Natural Gas Project Agreements Act’, which provides “assurance for those seeking to make investments that the tax and royalty structure they operate under will be stable.”
Highbank Resources CEO Victor Bryant commented, “The passing of Bill 30 will protect Pacific Northwest LNG from tax increases over 25 years, in the process creating around 4,500 jobs and bringing in revenues of approximately $9 billion.”
As quoted in the press release:

“On Tuesday, July 21, 2015 at 5:40 pm the Government of British Columbia enacted Bill 30 – ‘Liquefied Natural Gas Project Agreements Act’. The bill has now received Royal Assent, https://ow.ly/PV6Lk. On behalf of the Board of Directors and myself we commend B.C. Premier Christy Clark; B.C. Natural Gas Development Minister, Rich Coleman; and B.C. Finance Minister, Mike de Jong; on a fabulous truly historic effort in enabling British Columbia’s, LNG industry.”

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