Highbank Resources hires 360 Aviation Services for IR
posted on
Jan 13, 2014 08:14PM
Highbank Resources – Advanced Aggregate Gravel Exploration in Canada "Digging into our Past to bring Prosperity to YOUR Future"
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: 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.