VANCOUVER, BC--(Marketwired - November 02, 2015) - Highbank Resources Ltd. (TSX VENTURE: HBK) (FRANKFURT: V7O), (the "Company").
Highbank announces the retirement of Victor N. Bryant as CEO/President of the Company. Victor (Vic) Bryant has served on the Board of Directors since 2002 and Highbank was particularly fortunate in having Vic available to bring the Company from a development project in 2012 to a fully operational plant, which suited his skill set completely. Vic will be available to consult and offer his services for plant expansions, planning and installation of the downhill conveyor, in addition to any other plant modifications or improvements as required.
The Board wishes to thank Mr. Bryant for his contribution and leadership over the three years of management and thirteen years of directorship. Vic will remain on the board of directors and is appointed as Chairman of the Board.
Jim Place, P. Geo. appointed as CEO/President
Jim Place has been a director of Highbank since April 2013.
Mr. Place is a professional geoscientist (registered in BC) with more than 30 years of experience in the aggregate, heavy construction, and engineering fields. He has worked on all phases of aggregate projects from exploration and permitting through to testing, development, marketing, production and reclamation throughout northern and coastal British Columbia.
Mr. Place has held positions with government, engineering companies, and environmental consulting companies. Included are the BC Ministry of Transportation as Gravel Project Manager; Levelton Consultants Ltd. of Richmond, B.C. as Aggregate Geologist; Uplands Resources Inc. -- Vice President Exploration and Quality Control; and ECL Environment Solutions as Senior Geologist. His experience has centered around rock quarry and gravel pit evaluations, permitting, product specification, and development planning. He has provided professional analysis and recommendations for aggregate project development and construction engineering related to civil works and major infrastructure projects throughout north-western and coastal British Columbia.
Mr. Place received a Bachelor of Science degree in Physical Geography from the University of Victoria (B.C.) in 1983. Mr. Place has been a registered professional geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia since 1992.
Mr. Place lived and worked in north-western BC until 2004 and has continued to provide consulting services to projects in the area up to the present. As a result of this and his work in the construction and aggregate business throughout BC and the west coast of North America, Mr. Place knows many of the senior people involved in the B.C. northwest region. The Company welcomes his knowledge and experience as we continue to move our Swamp Point North, Portland Canal, B.C. aggregate project towards full production.
Options
The Company has granted Mr. Place options to purchase 400,000 common shares exercisable at a price of $0.10 for five years. The stock options will be in accordance with the Company's Stock Option Plan and subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
"Gary Musil"
Gary Musil,
Corporate Secretary/CFO/Director
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward- looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward -looking statements. Such factors, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.
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