|Fri Jun 1, 2007|
Warrant Exercise Notice - (Triggering Event)
|Helio Resource Corp. (TSX-V: HRC) ("Helio" or the "Company") announces that a warrant Triggering Event has occurred in relation to those warrants issued by the Company on February 16, 2006. |
The Triggering Event, resulting from the Company's share price trading at a price of greater than $0.90 for a period of 20 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 after such notice. The expiry time and date of the warrants is now 5:00 p.m. Eastern Standard Time, July 2, 2007. The expiry date is no longer February 16, 2008.
Warrants not exercised before 5:00pm, Eastern Standard Time, on Monday July 2, 2007, will expire. The warrants affected by the Triggering Event relate to the Private Placement which closed on February 16, 2006 (see news release dated February 17, 2006).
Helio Resource Corp. is a dynamic, technically driven mineral exploration company, focused on project generation in politically and economically stable countries in southern Africa. Helio is actively exploring 20 prospective gold, base-metal and diamond properties in Namibia, Botswana, Mozambique and Tanzania, and is focusing on progressing the SMP gold project in Tanzania. As part of its strategic approach to project development, the company is continuing to attract joint venture partners for its other projects in Namibia, Botswana and Mozambique. In addition, the company continues to look for new acquisition opportunities.
For additional information, please contact Richard Williams or Irene Dorsman at (604) 638 8007 or by e-mail to firstname.lastname@example.org or email@example.com.
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