The Conversation (0)
Highbank Resources Ltd. (TSXV:HBK) contracted Megatech Engineering Ltd. of Surrey, B.C. to supply the Company with Conceptual Engineering Drawings for its Swamp Point Barge Load-out structure. Once the Megatech documentation has been received, the revised Notice of Work application submission should be finalized.
Highbank Resources also extended its warrants that were set to expire on November 3, 2013 and Novemeber 29, 2013 for an additional year, along with amending the exercise price from $0.20 to $0.15.
Highbank Resources also extended its warrants that were set to expire on November 3, 2013 and Novemeber 29, 2013 for an additional year, along with amending the exercise price from $0.20 to $0.15.
As quoted in the press release:
…contracted Megatech Engineering Ltd. of Surrey, B.C. to supply the Company with Conceptual Engineering Drawings for our Swamp Point Barge Load-out structure. The drawings will form a part of the overall site plan and supplement the mine plan information to include the shore abutment for the marine works to the discharge into the barge loading area, including the required mooring structures and barge winch articulation. Micon International Limited is reviewing and compiling all the data and will be preparing the revised Notice of Work (“NoW”) application for submission shortly and should be able to finalize the submission upon receipt of the Megatech documentation.
Warrant Extensions and Amendments
The Company is announcing that the TSX Venture Exchange has agreed to extend the terms of the following warrants:
Original Expiry – November 3, 2013 and November 29, 2013. These warrants were originally issued on November 3, 2011 and November 29, 2011 and had an expiry of two years. The Company has obtained regulatory approval to extend the expiry for an additional one year along with amending the exercise price from $0.20 to $0.15.
Original Expiry – February 7, 2015, February 27, 2015 and April 25, 2015 – These warrants were originally issued on February 7, 2013, February 27, 2013 and April 25, 2013 and had an expiry date of two years. The Company has obtained regulatory approval to amend the exercise price as to $0.12. All other terms remain the same.
Click here to read the Highbank Resources Ltd. (TSXV:HBK) press release
Click here to see the Highbank Resources Ltd. (TSXV:HBK) profile