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Highbank Resources Ltd.(TSXV:HBK) provided updates on its financing and its Highland Valley copper property, Irish molybdenum licenses and its Swamp Point North project.
In regards to financing, the press release quoted:
Further to our February 28, 2012 announcement regarding arranging a private placement to issue 10.0 million units at $0.07 to raise $700,000 and April 10, 2012 completing the 1st tranche for 2,105,000 units for gross proceeds of $147,350. Due to current market activity, the Company will not be proceeding with further tranches of the private placement.
Highbank Resources, CEO, Jake Bottay, stated:
Bringing a mining property to production from its original discovery through to a permitted operation is an achievement that involves a partnership with government, first nations, local enterprise and the investment community.
Click here to read the Highbank Resources Ltd. (TSXV:HBK) press release
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