Highbank Resources Ltd. (TSXV:HBK) entered into a non-binding Letter of Intent to acquire Integrous Energy Partners, LP on August 5, 2021. The transaction includes the creation of a subsidiary within HBK which will hold the existing Swamp Point North property assets and liabilities. Finalizing of the formal agreement is conditional on the Combined Company raising funds to a minimum of CAD 5 million. The transaction is subject to approval by the TSX Venture Exchange, shareholders of HBK and other regulatory authorities and is expected to be completed in October 2021, or such later date as the parties may agree. Any proceeds from the sale of Swamp Point North will be used to pay existing debt holders of HBK, convertible debenture and other loan interest, current and long-term liabilities, related party management fees, etc. and the remainder will be considered for disbursement to HBK shareholders as of the record date.

Highbank Resources Ltd, (TSX.V:HBK) cancelled the Letter of Intent with Integrous Energy Partners LLC. on April 13, 2022.