BULLETIN V2023-0405
HIGHBANK RESOURCES LTD. ("HBK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 27, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a property option agreement (the "Agreement") dated on December 18, 2023, between Highbank Resources Ltd. (the "Company") and arm's length parties (the "Vendors"). Pursuant to the terms of the Agreement, the Company may acquire 100% interest in the Terra Nova Property, located 30 km northwest of Port Blandford in central Newfoundland. By way of consideration, the Company will make a cash payment of $15,000 and will issue a total of 500,000 shares to the Vendors. The Property is subject to a 2% NSR in favour of the Vendors, the Company has the option to buy half of the NSR (1%) in consideration for $1,000,000 paid to the Vendors.
For further details, please refer to the Company's news release dated December 18, 2023.
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