Highbank Resources Ltd V.HBK

Update….

[Earlyone_1]

Mr. James Place reports HIGHBANK PROVIDES FURTHER UPDATES OF INTENT TO MERGE WITH INTEGROUS ENERGY Further to the news release of Sept. 30, 202, Highbank Resources Ltd. is providing the following updates to shareholders of the change of business as originally announced Aug. 10, 2021. As previously disclosed, the Company has executed a non-binding letter of intent (LOI) with Integrous Energy Partners LLC, a private limited liability company formed in the State of Texas ("Integrous") dated August 5, 2021, which sets for the general terms and conditions which allows the Company to acquire certain Petroleum and Natural Gas Rights that will result in Change of business pursuant to Policy 5.2 - Change of Business and Reverse Takeovers of the TSXV Exchange (the "Exchange"). The Company and Integrous are now working on the 'Definitive Agreement' for filing and securing the necessary financing to proceed with further approvals. Shareholder Approval The Proposed Transaction is an Arm's Length Transaction pursuant to the policies of the Exchange. Prior to completion of the Proposed Transaction, the Company will hold a meeting of shareholders where they will be asked to approve the Change of Business, Change of Control as well as the Name Change. Trading Halt As required by the policies of the Exchange, trading in the common shares of the Company has been halted. The trading halt will remain in place until the requirements set forth in Exchange Policy 5.2 have been met but may not resume until either the termination or completion of the Proposed Transaction. Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. We seek Safe Harbor. © 2022 Canjex Publishing Ltd. All rights reserved.