Highbank Resources Ltd. announced that it will receive demand loan for gross proceeds of CAD 40,000 and also issue 160,000 bonus common shares at a price of CAD 0.05 for gross proceeds of CAD 8,000, aggregate total gross proceeds of CAD 48,000 on April 26, 2022. The demand loan will bear interest rate of 1.5% per month and will mature on March 11, 2023. The transaction will include participation from private company.

The transaction is subject to regulatory approval. All the securities issued in the transaction will subject to a four month plus one day hold period from the date of issuance.