news 2016-04-22 12:04 ET - News Release
Mr. Gary Musil reports
HIGHBANK UPDATES AND REPORTS ON MARKET ACTIVITY
Highbank Resources Ltd. has no material news to report that would have caused the substantially large and unusual volume of trading (April 20, 2016 -- 1,956,400 shares -- 93 trades, closing off negative 0.5 cent to five cents), and primarily involving one brokerage house.
The company has requested the TSX Venture Exchange and IIROC-TSX (Investment Industry Regulatory Organization of Canada-Toronto Stock Exchange) surveillance to review this trading activity.
Swamp Point North property update
Further to the company's news release dated Dec. 23, 2015 (non-disclosure agreement with a major North American aggregate and concrete company), the company wishes to report that discussions with the NDA company and Highbank are continuing.
From Jan. 21 to Feb. 26, 2016, Highbank commissioned a contractor to complete water settlement pond repairs and upgrading to various ditches, culverts and roads. The property will continue on winter care and maintenance until the company can secure substantial aggregate orders to resume production.
The company would like to thank its shareholders and investors for their continuing support during this period.
We seek Safe Harbor.
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