Highbank Resources Ltd. announced a private placement of 1,140,000 units at a price of CAD 0.07 for gross proceeds of up to CAD 79,800 on September 15, 2022. Each unit will consist of one flow-through common share and one-half transferable NFT warrant exercisable for two years at CAD 0.10. The company intends to pay finder fees of up to 8% cash and 8% warrants, subject to compliance with applicable securities legislation and TSX Venture Exchange policies.

The securities to be issued will be subject to a four-month and one day hold period from closing. The terms of the financing are subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including final approval of the TSX Venture Exchange.