Highbank Receives First Commitment to Purchase Aggregate from Portland Canal Swamp Point North Deposit

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/19/12 -- Highbank Resources Ltd. (TSX VENTURE: HBK)(FRANKFURT: V7O) (the "Company") has received its first commitment from West Fraser Concrete Ltd. to purchase 100,000 tonnes of aggregate from its Portland Canal Swamp Point North deposit. West Fraser Concrete operates the only cement plant in Prince Rupert, B.C. The product is f.o.b. Ridley Island in the Port of Prince Rupert.

Management continues to identify and develop additional aggregate customers and expects to announce further contracts in the very near future.

President Jake Bottay states, "We are very pleased with this first commitment to purchase agreement, spearheaded by our Vice President of Aggregate Operations - Stan Spletzer. We are actively moving forward on our permitting approval process and anticipate shipping our first orders in the 2nd half of 2012."

On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.

Jake Bottay, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Highbank Resources Ltd.
Jake Bottay
President and CEO
(604) 683-6648
(604) 683-1350 (FAX)

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 19.03.2012 - 13:15 Uhr
Sprache: Deutsch
News-ID 126025
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VANCOUVER, BRITISH COLUMBIA

Kategorie:

Mining & Metals

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