Highbank Resources Ltd. (TSXV:HBK,FWB:V7O) announced a non-brokered private placement of up to $240,000.
As quoted in the press release:
The Company will be issuing up to 3.0 million units at $0.08 per unit. Each unit will consist of one common share and one two year transferable share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company for a period of two years at a price of $0.10 per share in year one and $0.12 per share in year two.