Helio Resource reports that, in an arms length private transaction, it has sold all of its interest in a private company with assets in Namibia (see news release dated May 31, 2016) for proceeds of CAD885,892. No commissions or fees were payable in regards to this transaction. About Helio Resource Corp. Helio Resource Corp. is a resource company [...]
VANCOUVER, Dec. 15, 2016 /CNW/ - Helio Resource Corp. (TSX-V: HRC), ("Helio") announces that it has accepted the resignation of Mr. Christopher MacKenzie as Chief Operating Officer and Director. He is leaving to pursue other interests. Mr. MacKenzie played a central role in identifying and advancing both the Damara Gold Project in Namibia, and [...]
Helio Resource herein reports the results of its Annual General Meeting held on September 23, 2016. All of the resolutions presented to the shareholders were approved, including disinterested shareholder approval by an ordinary resolution of the insider shares for debt and the approval by special resolution, and subject to further Board approval [...]
Helio Resource announces that, subject to TSX-Venture Exchange ("Exchange") approval, it will issue 2,054,000 shares to settle an aggregate amount of $102,700 in salaries and fees owed to certain members of management and Directors. In addition, Helio has reached agreement with Plinian Capital, subject to Exchange and disinterested shareholder [...]
Helio Resource is pleased to provide the following corporate update. Warrant Exercise / Warrant Expiry / Share Capital Update On Monday, June 13 the Company issued 7,500,000 new shares as a result of share purchase warrants being exercised, realizing a sum of $375,000 to Helio's treasury. As a result, Helio now has 249,578,959 shares issued and [...]
Helio Resource is pleased to report that the transaction previously announced on February 18, 2016, whereby Helio, Damara Gold and Osino Resources agreed to merge their respective interests in Namibia, has been completed. Helio's Namibian interests comprise two exploration licences, namely EPL 3738 (Wilhelmstal) and EPL 3739 (Otjimbojo), which [...]
Helio Resource is pleased to report that CE Mining II Helio Limited has exercised 7,362,850 share purchase warrants for proceeds to the Company of $368,142.50. CE Mining Limited, a "Control Person" of the Company under applicable securities legislation, transferred a total of 13,860,000 warrants to CE Mining II Helio Limited in August 2015. CE [...]
Helio Resource is pleased to report that it has reached agreement with Damara Gold whereby the earn-in agreement between Damara and Helio will be cancelled, and Helio and Damara will transfer their respective interests in two Namibian exploration licences, through wholly owned subsidiaries, namely EPL 3738 (Wilhelmstal) and EPL 3739 (Otjimbojo [...]
Helio Resource is pleased to report that CE Mining II Helio Limited has exercised 6,497,150 share purchase warrants for proceeds to the Company of $324,857.50. CE Mining Limited, a "Control Person" of the Company under applicable securities legislation, transferred a total of 13,860,000 warrants to CE Mining II Helio Limited in August 2015. CE [...]
Helio is pleased to announce the results of its Annual General Meeting held on September 17, 2015. All the resolutions presented to the shareholders were approved unanimously (see the SEDAR filing of the Company's Information Circular, dated August 13, 2015). Votes representing 99,127,182 shares were cast (44.21% of the issued and outstanding [...]
Helio Resource is pleased to report that CE Mining Ltd has exercised 6,140,000 share purchase warrants for proceeds to the Company of $307,000. Notably these warrants were exercised at a 100% premium to the market price. As a result of this exercise CE Mining Ltd now owns 66,140,000 shares representing 29.5% of Helio's issued and outstanding share [...]
Helio reports that it has applied for and received the approval of the TSX Venture Exchange for the repricing of 40,050,000 share purchase warrants from 10¢ per share to 5¢ per share. No other terms of the warrants will be modified. The share purchase warrants consist of two groups: 29,550,000 warrants expiring June 13, 2016, and 10,500,000 [...]