VANCOUVER, BC--(Marketwired - April 26, 2016) - Highbank Resources Ltd. (TSX VENTURE: HBK) (FRANKFURT: V7O), (the "Company") is pleased to announce the appointment of Mr. Ivan Scott, P. Eng. to the Board of Directors.
Mr. Scott, of Surrey, B.C., is a Professional Engineer, with over 35 years in the construction and construction-related businesses (general contracting; materials; engineering; and manufacturing).
Since starting his own consulting company -- SolutionCiment Inc., he has held positions as Contract Engineer for B.C. Hydro; Project Manager for Alterra Power/Worley Parsons, Metro Vancouver/Sandwell, VANOC/Sandwell, and others. He has provided Management for Prince Rupert Container Terminal construction, the Kelowna Floating Bridge replacement project, Prince Rupert sewerage reticulation upgrades, and others.
From 1997-2006 working with Lafarge Construction Materials (British Columbia) he held positions including; Vice President/General Manager; Vice President Marketing US West Coast; and Director of Quality Assurance. He led Lafarge with responsibility for staffing, construction, logistics, quality, safety, and profit-and-loss. He oversaw the supply of all construction materials for the Millennium Sky-Train Transit Line construction; and marketed and sold construction aggregates into the U.S.A. west coast.
From 2001-2003 he started, ran, and successfully developed T.O. Ready-mix (Toronto, Ontario), a concrete ready-mix supply company into a 50,000m3 per year business.
From 1994-1997 as Quality Manager, Construction Materials Division of Levelton Engineering; he managed teams of construction materials testing engineers, and technicians; including a CSA accredited testing laboratory. Similarly from 1992-1994 as Director of Quality Control with Holderbank (South Africa) he was responsible for quality of 1 million m3 per year ready-mix concrete plants and 7 million tonnes per year in-house aggregate facilities.
Mr. Scott started his engineering career from 1977-1987 with Gillis-Mason Construction in South Africa as International Construction and Contracts Manager/Construction Site Manager/Engineer; overseeing major projects such as a four year $330 million construction of all civil, structural and building for the 3,600MW coal fired Matla Power Station; overseeing the staffing, construction, scheduling, quality etc. for the $24 million design/build of the 4,100MW Kendal Power Station water treatment plant.
Mr. Scott received a Bachelor of Science (Civil Engineering) from the University of Witwatersrand, Johannesburg, South Africa in 1974. He completed Executive Business Administration Programs at Queens University, Kingston, Ontario; and Duke University, Durham, North Carolina; and an Advanced Concrete Technology Diploma through the University of London, Great Britain. He is a Registered P. Eng. in British Columbia.
Mr. Scott's appointment significantly enhances our board expertise and the Company welcomes his knowledge and experience as we continue to move forward in advancing our Swamp Point North aggregate project.
Stock Options Granting:
The Company has granted Mr. Scott; two hundred thousand (200,000) stock options for the purchase of up to 200,000 common shares of the Company, pursuant to our Stock Option Plan. Each option is exercisable for a period of three years at a price of $0.10 per common share.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
"James H. Place"
James H. Place,
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project , the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward -looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.
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