Highbank signs aggregate marketing agreement

2017-03-02 21:04 ET - News Release

Mr. James Place reports

HIGHBANK INKS DEAL WITH AGGREGATE MARKETING COMPANY

Highbank Resources Ltd. has made an arrangement with a Canadian aggregate marketing company (AMC) that has agreed to provide marketing and customer service for the Swamp Point North project.

Details of the arrangement include the exclusive rights to engage potential customers and negotiate on Highbank's behalf to provide information regarding prices, delivery schedules and specifications of aggregate and rock products. AMC and Highbank have signed a letter giving authority to AMC to provide the above services immediately, while allowing 120 days to formulate a long-term agreement and/or joint venture for the same.

AMC is made up of experienced aggregate and construction persons who have critical connections both to the national and international construction and shipping industries.

James H. Place, PGeo, chief executive officer and president of Highbank, states: "This move by Highbank has put the company in a very advantageous position where we have seasoned experts in sales and marketing carrying out work on our behalf with mutual benefit to each party. This agreement has the potential to basically create an autonomous marketing and customer service division of Highbank without the need to increase in-house staff or financial risk."