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Highbank Resources Ltd V.HBK

Alternate Symbol(s):  HBKRF

Highbank Resources Ltd is engaged in the business of acquisition, exploration, and development of mineral resource properties in Canada. The company's project includes the Swamp Point North project.


TSXV:HBK - Post by User

Bullboard Posts
Comment by crosenfieldon Jan 22, 2013 8:44pm
104 Views
Post# 20875154

RE: RE: RE: RE: announce and better yet

RE: RE: RE: RE: announce and better yet

A company can just choose to sell shares privately from the treasury if they so choose. I've personally bought shares privately once - I was issued warrants. That 5K investment is now worth exactly $3. Live and learn... The only reason I was able to buy direct was because I knew someone on the board through a fimaily member of theirs. Usually a transaction like this will only happen in a large PP because usually a small transaction like that won't mean anything for the company - why give up warrants too... but it seems in 4seas case he knew someone and got in when the company was desperate for cash. Or he did someone a favor... who knows.. he could be full of it too. I feel like the company would have to do a NR announcing any new PP's or Warrants issues no matter what the site - that I'm unsure about.

Bullboard Posts