International Finance Corporation
The International Finance Corporation (IFC) is a member of the World Bank Group and an international financial institution which offers investment, advisory, and asset management services to encourage private sector development in developing countries.
IFC invested $6.2m and $1.7m in February 2010 and November 2011 respectively and now owns 6.5% of the issued and outstanding share capital of Helio Resource Corp.
Helio is pleased to be associated with a global financial organization that promotes the highest standards of operating, environmental, social and health practices. Another positive of IFC's involvement is its track record of ongoing financial support throughout the project cycle.
IFC's Environmental and Social Review of the SMP Gold Project in Tanzania indicates that the environmental, health, safety and social impact of Helio's operations is limited.
The full report can be found here www.helioresource.com/i/pdf/IFC.pdf
For more information on the IFC, please refer to its website at www.ifc.org