TSX - "HBK" 12g3-2(b): 82-1508
October 5, 2011
HIGHBANK TO RAISE UP TO $150,000 IN A PRIVATE PLACEMENT
Highbank Resources Ltd. (TSX.V –HBK), (the “Company”) is arranging a non-brokered private placement to raise up to $150,000 through the issuance of 3,000,000 units at $0.05 per unit. Each unit will consist of one common share and one full two year non-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 the first year and $0.20 per share in the second year.
Funds will be used to maintain the Company’s mineral properties, and for working capital.
The Company will pay a finder’s fee or commission of 8% in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jake Bottay”
Jake Bottay, President
CEO/Director
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE