Highbank Resources Ltd. is arranging up to $4 million in convertible debenture financings through 10% convertible debentures that mature in 3 years and are convertible to common shares at prices between $0.25-$0.45 per share depending on when converted. Interest is payable annually at 10% and can also be converted to shares. The funds will be used to continue developing the Swamp Point North aggregate project and for general working capital. Highbank has received expressions of interest for $2.7 million of the financing so far.