|Tue Mar 14, 2006|
Warrant Exercise Notice
|Helio Resource Corp. (TSX-V: HRC) ("Helio" or the "Company") announces that further to its news release dated December 2, 2005, concerning the extension of certain share purchase warrants ("Warrants"), a Triggering Event occurred on Thursday March 9, 2006. |
The Triggering Event, resulting from the Company's share price closing above $0.65 for 10 consecutive trading days, requires the Company to provide notice to the warrant holders that the expiry term of the warrants has been amended to 30 days from the date seven calendar days following the Triggering Event, that is 4:00pm, Pacific Standard Time, on April 17, 2006.
Warrants not exercised before 4:00pm, Pacific Standard Time, on April 17, 2006, will expire.
The warrants affected by the Triggering Event relate to the Short Form Offering financing which closed on December 24, 2004 (see news release dated December 24, 2004).
Helio Resource Corp., based in Windhoek, Namibia, is one of Southern Africa's leading exploration companies and specializes in innovative new-project generation. Helio is actively exploring 11 prospective gold, copper and diamond properties in Namibia, Botswana and Tanzania. As part of its strategic approach to project development, Helio has forged partnerships with firms such as Teck Cominco, Indicator Minerals, Yale Resources, Boulder Mining and Springbok Resources to advance a number of its projects.
For additional information, please contact either Richard Williams at firstname.lastname@example.org or Irene Dorsman at email@example.com.
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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