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Message: Highbank Resources hires 360 Aviation Services for IR

2014-01-13 16:56 ET - News Release

Mr. Victor Bryant reports

HIGHBANK ENGAGES INVESTORS RELATIONS FIRM

Highbank Resources Ltd. has engaged 360 Aviation Services Inc. of Vancouver, B.C., to conduct investor relations services on behalf of the company with a one-year contract. 360 has introduced numerous investors over the past year into investing in the company.

360 shall provide the following services:

  • Introduce and liaise on behalf of Highbank with writers and publishers of relevant subscriber bases publications, including newspapers, magazines, business and financial publications;
  • Advise Highbank with respect to its public communication materials, including Highbank's website and presentations developed for industry meetings, conferences and trade shows;
  • Meet and communicate with corporate analysts, institutional and professional investors, retail clients and stock brokers for the purpose of encouraging or promoting investment in Highbank;
  • Assist Highbank with all work necessary to prepare for meetings and presentations with investors;
  • Such other services as Highbank and 360 may, from time to time, agree upon.

Compensation to 360 will be $5,000 plus goods and services tax per month for the first three months and increased to $7,500 plus goods and services tax for the remainder of the contract. 360 will also be granted an option to purchase 600,000 common shares, exercisable at the price of 10 cents per share for five years. The stock option to be granted will be in accordance with the company's stock option plan and will have the required four-month hold period and will have vesting provisions attached.

In addition, should Highbank amalgamate, merge or consolidate with any other person or corporation or undertake any corporate change, including the sale, transfer or other disposition of all the assets or substantially all the assets of Highbank unless or until such person or corporation shall assume Highbank's obligations to 360 in the agreement, Highbank would be required to pay 360 consideration equal to three months of compensation as applicable at the time.

Pamela Smith-Gander, the principal of 360, reports that she owns a total of 490,000 common shares of the company, directly and indirectly. The above-mentioned transaction is subject to the approval of the regulatory authorities.

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