HELIO RESOURCE CORP. : http://www.helioresource.com/ : QwikReport

News Releases

#Thu Dec 15, 2016
Helio (TSX-V:HRC) Announces Resignation of Director and Officer

 Helio Resource Corp (TSX-V: HRC), ("Helio") announces that it has accepted the resignation of Mr. Christopher MacKenzie as Chief Operating Officer and Director. He is leaving to pursue other interests.

Mr. MacKenzie played a central role in identifying and advancing both the Damara Gold Project in Namibia, and the SMP Gold Project in Tanzania. The Company wishes to thank Mr. MacKenzie for his years of valuable and dedicated service to Helio Resource Corp.


About Helio Resource Corp.

Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision.

For additional information please contact Richard Williams at 604 638 8005.



ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo

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.



View News Release in PDF Format:
File: http://www.helioresource.com/i/pdf/2016-12-15_NR-kmaiajs.pdf
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#Mon Oct 3, 2016
Helio (TSX-V:HRC) Announces AGM Results

 Helio Resource Corp (TSX-V:HRC), ("Helio") herein reports the results of its Annual General Meeting held on September 23, 2016. All of the resolutions presented to the shareholders were approved (see the SEDAR filing of the Company's Information Circular, dated August 29, 2016), including disinterested shareholder approval by an ordinary resolution of the insider shares for debt and the approval by special resolution, and subject to further Board approval, of the proposed share consolidation. Votes representing 60,421,204 shares were cast (24.21% of the issued and outstanding shares at the record date).

Following the AGM, the following resolutions were adopted:
  1. Grenville Thomas was re-appointed Chairman of the Board.
  2. The Audit Committee was re-appointed, comprising Stephen Leahy (Chairman), Mark Sander and Richard Williams.
  3. The Compensation Committee was also re-appointed, comprising Grenville Thomas, Bradford Mills and Stephen Leahy.
In addition, Richard Williams (CEO), Chris MacKenzie (COO), Andrew MacRitchie (CFO), and Stewart Lockwood (Corporate Secretary) remain the appointed Officers for the Company.

About Helio Resource Corp.

Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision.

For additional information please contact Richard Williams at 604 638 8005.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo
"Chris MacKenzie"
Christopher J. MacKenzie, C.Geol.

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.


View News Release in PDF Format:
File: http://www.helioresource.com/i/pdf/2016-10-03_NR.pdf
 159 KB, approx. 31 seconds at 56.6Kbps
 
#Fri Aug 19, 2016
Helio Announces Shares for Debt Settlement

 Helio Resource Corp. (TSX-V: HRC), ("Helio") announces that, subject to TSX-Venture Exchange ("Exchange") approval, it will issue 2,054,000 shares to settle an aggregate amount of $102,700 in salaries and fees owed to certain members of management and Directors. In addition, Helio has reached agreement with Plinian Capital, subject to Exchange and disinterested shareholder approval, to issue 9,600,000 shares in lieu of $480,000 accrued as operator fees. Disinterested shareholder approval will be sought at Helio's Annual General Meeting on September 23, 2016.

In conjunction with the debt settlement, Helio and Plinian Capital have agreed to reduce the operator fees by 50%, and senior management has agreed to reductions in compensation of between 25% and 55%.

About Helio Resource Corp.

Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision.

For additional information please contact Richard Williams at 604 638 8005.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo
"Chris MacKenzie"
Christopher J. MacKenzie, C.Geol.

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.
File: http://www.helioresource.com/i/pdf/2016-08-19_NR.pdf
 159 KB, approx. 31 seconds at 56.6Kbps
 
#Mon Jun 20, 2016
Shareholder Update

 

Helio Resource Corp (TSX-V: HRC), (“Helio” or the “Company”) is pleased to provide the following corporate update.

Warrant Exercise / Warrant Expiry / Share Capital Update

On Monday, June 13 the Company issued 7,500,000 new shares as a result of share purchase warrants being exercised, realizing a sum of $375,000 to Helio’s treasury. As a result, Helio now has 249,578,959 shares issued and outstanding, no warrants, and 8,700,000 incentive stock options. 

CE Mining Limited and CE Mining II Helio Limited together own a total of 80 million shares of the Company, representing 32.05% of the issued and outstanding common shares of the Company.

As a result of the warrant exercise, the Company now has over $1,500,000 gross cash in treasury. 

Tanzania

The focus for the Company going forward is advancing its SMP Gold Project in Tanzania.  Funds on hand will be used to define a drill programme to add to the current resource base and advance the project towards a production decision.

The SMP Gold Project has a current NI 43-101 Mineral Resource Estimate, as outlined in a news release dated April 28, 2015, and summarized below:

  • The total Indicated Resource is 7.5 million tonnes (“Mt”) grading 2.4 grams per tonne (“g/t”) gold (Au) for 590,000 ounces (oz) Au contained.
  • This can be broken down into 5.9 Mt grading 1.8 g/t Au for 332,000 oz inside a pit constrained shell at US$1,400/oz gold price and 1.6 Mt grading 4.9 g/t for 258,000 ounces of potentially underground mineable material.
  • The total Inferred Resource is 0.56 Mt at 2.5 g/t Au containing 45,000 oz Au in the same pit constrained shell and underground configurations.
  • The higher-grade underground resource bodies are all open at depth.
  • The new high-grade zones at Gap encourage further follow-up, especially the western shoot, which returned an intercept of 4m grading 30 g/t Au (see news release dated January 29, 2015).

All technical information in this news release has been reviewed and approved for disclosure by Mr. C. MacKenzie, M.Sc., C.Geol, Helio's COO and Qualified Person as designated by NI 43-101.

Namibia Update

The Company completed the disposition of its Namibian interests in May 2016, and retains a 14% shareholding in Osino Resources, an arm’s-length, private mineral exploration company.

About Helio Resource Corp.

Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision.

For additional information please contact Richard Williams at 604 638 8005.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo
"Chris MacKenzie"
Christopher J. MacKenzie, C.Geol.

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.
 
#Tue May 31, 2016
Helio and Damara Merge Namibian Interests into Osino Resources Corp.

 
Helio Resource Corp (TSX-V: HRC), ("Helio" or the "Company") is pleased to report that the transaction previously announced on February 18, 2016, whereby Helio, Damara Gold Corp (TSX-V: DMR) and Osino Resources Corp. (a private corporation) agreed to merge their respective interests in Namibia, has been completed.

Helio's Namibian interests comprise two exploration licences, namely EPL 3738 (Wilhelmstal) and EPL 3739 (Otjimbojo), which together are referred to as the Damara Gold Project ("DGP"). Helio and Damara have agreed to rescind their earn-in agreement (see news release dated March 27, 2014), and have transferred their respective interests in the DGP to Osino. In a separate arm's length transaction Helio assigned a portion of its interest in Osino to a third party in consideration of $456,000.

Richard Williams, CEO, stated; "We are pleased to have partnered with Osino to advance the Damara Gold Project. Given Osino management's past track record, developing and selling the Otjikoto gold mine to B2Gold Corp., we are confident the project is in good hands. This agreement allows Helio to continue to focus on the development of the SMP Gold Project in Tanzania."

About Helio Resource Corp.

Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision, and outlining the resource potential at the DGP Gold Project in Namibia.

For additional information please contact Richard Williams at 604 638 8005.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo
"Chris MacKenzie"
Christopher J. MacKenzie, C.Geol.


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.
 

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