|Tue Feb 8, 2011|
Private Placements for C$10.0 Million as Announced January 24, 2011
Vancouver, February 8, 2011 - Helio Resource Corp. (TSX.V: HRC) ("Helio" or the "Company") advises that, further to its news release dated January 24, 2011 announcing the above private placements, in relation to the brokered private placement of units ("Units") for up to C$8,000,000 (the "Offering") through a syndicate of agents led by Scotia Capital Inc. and Stifel Nicolaus Canada Inc., and including PI Financial Corp. and Macquarie Capital Markets Canada Ltd. (the "Agents"), the Agents will receive a cash commission equal to 7% of the gross proceeds raised under the Offering, plus broker warrants (the "Broker Warrants") equal to 7% of the number of Units sold under the Offering. The Broker Warrants will be exercisable into units of the Company on the same terms as the Units to be issued under the Offering.
The Offering and the non-brokered private placement of up to $2,000,000 in units having the same terms as the Units is scheduled to close on or about February 15, 2011.
These securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
For additional information, please contact Richard Williams at +1 604 638 8005 or by e-mail to firstname.lastname@example.org or Chris MacKenzie at +44 789 4237424 or by e-mail to email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the company's plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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