|Tue Aug 30, 2005|
Report On AGM And Other Corporate Matters
|Helio Resource Corp (the "Company") (TSX-V: HRC) announces that it held its AGM on August 25, 2005 and all resolutions were approved unanimously.|
At the subsequent Board of Directors meeting the following resolutions were adopted:
1. Board charters including the Board's Terms of Reference, a Charter of the Audit Committee, a Mandate for the Compensation Committee, and a Whistleblower Policy, all of which will be posted on the Company's website at www.helioresource.com
2. The Audit Committee, comprising Cliff Davis (Chairman), Grenville Thomas, and Richard Williams, was appointed.
3. The Compensation Committee, comprising Cliff Davis, Grenville Thomas, and Stephen Leahy, was appointed
4. Chris MacKenzie was re-appointed Chairman of the Board.
Officers of the Company now comprise Chris MacKenzie (Executive Chairman), Richard Williams (President), Steven Krause (Chief Financial Officer), and Stewart Lockwood (Corporate Secretary).
The Company's quarterly financial statements and MD&A for the period ended June 30, 2005 was accepted and approved for filing, and can be viewed on the Company's website.
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams"
Richard D. Williams, P.Geo
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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