Bankruptcy and Insolvency

Date/time : 2025-04-11 01:05 PM
Symbol :

HBK

Company : Highbank Resources Ltd.
Price : 0.015
Market cap : 351,267
O/S : 23,417,816
Exchange :

TSXV

Industry :

Industrial Metals

Full story

Bankruptcy and Insolvency

(TheNewswire)

Highbank Resources Ltd.

VANCOUVER, B.C. April 11, 2025– TheNewswire - Highbank Resources Ltd. (the “Company”) ( T SX.V – “HB K”)

This news release is formal notice that Highbank Resources Ltd. has filed a Corporate Assignment in Bankruptcy effective April 10, 2025 under section 49 of the Bankruptcy and Insolvency Act .  The Company is unable to address any current significant losses nor any further obligations as they become due.  The Company currently has two directors on board.

All further matters will be handled by D. Manning & Associates Inc. -Licensed Insolvency Trustee of Vancouver, B.C. A  First meeting of Creditors is scheduled for April 25, 2025 . Creditors will be notified of the  zoom link, and will be forwarded information and documentation relating to their Proof of Claim.

ON BEHALF OF THE BOARD OF DIRECTORS

“Gary Musil”

Gary Musil, CEO/President

Highbank Resources Ltd.

Cell #604-787-7356

T hi s N e w s R e l e a se ma y c o n ta i n f o r wa r d - lo o k in g s t a t e m e n t s b a s e d o n a ss u mp t io n s a n d j u d g m e n t s o f ma n ag e m e n t r e g a r d in g f u tu r e e v e n t s o r res u lt s . F o r w a r d - l o o k i n g s t a t e m e nt s a r e p r o j e c t i o n s o f e v e nt s , re v e nu e s , i n c o m e , f u t u re e c on o mi c p e r f o r ma n ce o r ma n ag e m e n t s p l a n an d o b j e c t i ve f o r f u t u re o p e r a t i on s an d i n c l u d e, w it h o u t l i m i ta t i o n , s t a t e m e n t s wi t h re s p e ct t o th e a n t i c i p a t e d p r o du c t i o n, t h e r e a li z a t i o n o f m in e r a l e s ti m at e s, s u c c ess o f min i n g o p er a t io n s, t h e t i mi n g a n d a m o u n t o f es ti m a t ed f u t u re p r o d u c t io n , t i tl e di s p ut es o r c l a i m s, e n v i r o n m e n t a l r i s ks, li mi t a t io n s o n i n s u r a n c e c o ve r a g e, c u r r e n t a n d a n t i c i p a t ed p u r c h a se n e g o t i a ti on s an d a rr an g e m e n t s , re q ui r e m e nt s f o r a d d i t io n a l c a p i t al ; a n d g o ve r n m e n t r e g u la t i o n o f mi n in g o p e r a t i o n s. I n s o m e c a s es, y o u c a n i d e n t i f y fo r w a rd - l o o k i n g s t a t e m e n t s b y t h e u se o f t er min o lo g y s u c h a s m a y , s h o u ld , e x p ec t s , “pl a n s , “a n t i c ip a t es , b e li e ves , e s ti m a t es , p r e di c t s , p ot e n t i al o r c o n t i n u e” o r t h e n e g a t i ve o f t h e s e t e r m s o r o t h er c o m p a r a b l e t er m i no l o g y . B y t h e i r ve r y n a t u re fo r w a r d - l o o k i n g s t a t e m e n t s i n v o l ve k n o w n an d u n k no w n r i sk s , u n c er t a i n t i es a n d o t h e r f a c t o rs w h i ch m a y c a u se t h e a c tu a l res u lt s , p er f o r ma n c e o r a c h i e v e m e nt s o f t h e C o mpa n y t o b e m at e r i a ll y d i f f er e n t f r o m a n y f u t u re re s u l t s, p er f o r ma n c e o r a c h i eve m e n t s e x p res s ed o r i m p l i e d b y t h e f o r w a r d -l o o k i n g s t a t e m e nt s . S u ch f a c to r s , i n c l u di ng : f l u c t u a t i o n s i n w o r l d w i d e p r i ces a n d d e m a n d f o r a gg r e g a t es; c h a n g es i n p r o j ect p a r a m e t ers a s p l a n s c o n ti n u e t o b e r e f i n e d ; p o ss i b l e v a r i a t i on s i n g r a d e a n d o r r e c o ve r y r a t es; a c c i d e n t s, l a bo u r di s p u t es a s w e l l a s t h o se fa c t o rs d e t a i l ed f r o m t i m e t o ti m e i n th e C o m p a n y ' s i n t er i m an d a n nu a l f i n a n c i a l s t a t e m e n t s a n d man a g e m e n t' s d i s c u ss i o n a n d an a l ys i s o f t h o se s t a t e m e nt s , a re f i l ed a n d a v a i l a b l e f o r r e v i e w o n S E D A R a t w w w . s e d a r . c o m .

N e it h er t h e T S X V e n t u r e E x c h an g e n o r it s R e g u l a t i o n S e r v i ces P r o v i d er ( a s t h a t t erm i s d e fi n e d i n t h e p o l i c i e s o f th e T S X Ve n t u re E x c ha n g e) a c ce pt s r e s p o n s i b i l it y f o r t h e a d e q u a c y o r a c c u r a cy o f t h i s r e l e a s e.

Copyright (c) 2025 TheNewswire - All rights reserved.