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

News Releases

#Fri Jul 27, 2018
Helio Provides Tanzania Update

 

Helio Resource Corp. (“Helio” or the “Company”; TSX-V: HRC) hereby provides an update of the SMP Gold Project located in Tanzania.

Helio’s SMP project comprises 8 Prospecting Licenses (PLs), 4 Retention Licences (RLs), and one licence under application (see map below). The four Retention Licences are RL 0009 (Saza), RL 0010 (Gap), RL 0011 (Kwaheri), and RL 0012 (Illunga). Under the Tanzanian Mining Act, 2010, Retention Licences were issued to projects at which a mineral resource had been identified, but the projects could not be developed to mine status by reason of technical constraints, or other economic factors which are temporary in nature. 

Changes to the Mining Act 2010 were announced by the Tanzanian government in June 2017, and have resulted in the Retention Licence classification being abolished and ownership transferred to the government. The Company has been assured verbally by government officials that the Tanzanian government will not expropriate the ground covered by the Retention Licences and wants to work with the Retention Licence holders to ensure that projects are advanced to the point where a mining licence can be applied for. 

The Tanzanian government has formed a Mining Commission which will make recommendations for the way forward with regards to the ground covered by Retention Licences. After consultation with ministers from the Ministry of Minerals, Helio has applied for the ground covered by the Retention Licences to be re-issued as Prospecting licences to allow the project to be advanced.  However, the Commission has yet to make any recommendations or any commitment as to a date by which its recommendations will be made.

About the SMP Gold Project

The SMP Gold Project covers a 200km2 area in the Lupa Goldfields, SW Tanzania and is adjacent to the New Luika Gold Mine, operated by Shanta Gold Limited, an AIM-listed company. On March 26, 2015, Helio released a mineral resource estimate for the SMP Gold Project, comprising an Indicated Resource of 7.5 MT grading 2.4 g/t Au for 590,000 oz Au contained, and an Inferred Resource of 0.56 Mt at 2.5 g/t Au containing 45,000 oz Au. The Indicated Resource is broken down into 5.9 Mt grading 1.8 g/t Au for 332,000 oz inside a pit-constrained shell at a gold price of US$1,400/oz and 1.6 Mt grading 4.9 g/t for 258,000 ounces of potentially underground mineable material.  A NI 43-101 Technical Report for the Mineral Resource Estimate can be viewed here - click here for full details.

Richard Williams, M.Sc., P.Geo., Helio’s CEO and a Qualified Person as designated by NI 43-101, has reviewed and approved the contents of this news release. 

For further information please contact Richard Williams at +1 604 210 8753.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo, CEO & President



Map of the SMP Gold Project

 

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.

 

Statements Regarding Forward-Looking Information

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 “anticipated”, "estimates", "intends", "expected", "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.

File: http://www.helioresource.com/i/pdf/2018-07-27-NR.pdf
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#Mon May 14, 2018
Helio Announces Shares for Debt Transaction

 

Helio Resource Corp. (“Helio” or the “Company”; TSX-V: HRC) reports that the Company has entered into a debt settlement agreement (the “Agreement”) with an arm’s length creditor (the “Creditor”) of the Company to settle an outstanding account for drilling services. Pursuant to the Agreement, the Company will settle an outstanding debt of approximately C$250,000 with the Creditor through the issuance of 500,000 common shares and a cash payment of C$25,000.

The issuance of the common shares to the Creditor is subject to the approval of the TSX Venture Exchange. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.

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 further information please contact Richard Williams at +1 604 210 8753.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo, CEO & President

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.


Statements Regarding Forward-Looking Information

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 “anticipated”, "estimates", "intends", "expected", "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.

View News Release in PDF Format:
File: http://www.helioresource.com/i/pdf/20180514-Sharesfordebt.pdf
 59 KB, approx. 12 seconds at 56.6Kbps
 
#Fri Apr 13, 2018
Helio Announces Director Resignation

 Helio Resource Corp ("Helio" or the "Company"; TSX-V: HRC) announces that Mr. Mark Sander has resigned from the Board of Directors. Helio would like to thank Mark for his time and contribution to the Company since joining the Board in 2013, and wishes him well in his other business endeavours.

For additional information please contact Richard Williams at 604 210 8753.

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.

 
#Tue Feb 6, 2018
Helio Announces Effective Date of Share Consolidation

 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.

Helio Resource Corp ("Helio" or the "Company"; TSX-V: HRC) is pleased to announce that the TSX Venture Exchange has approved a consolidation of the Company's common shares (the "Shares") on the basis of one new Share for every 25 Shares currently issued and outstanding (the "Consolidation"). The Consolidation was approved by the Company's shareholders at the annual general and special meeting held on October 26, 2017.

The Shares will commence trading on the TSX Venture Exchange on a consolidated basis at the open of markets on Thursday, February 8, 2018. On a post-Consolidation basis, the Company will have approximately 10,449,318 Shares. The Company's name and trading symbol will remain the same.

The Company will not issue any fractional Shares as a result of the Consolidation. Instead, each fractional post-Consolidation Share remaining after conversion that is less than one-half of a post-Consolidation Share will be cancelled and each fractional post-Consolidation Share that is at least one-half of a post-Consolidation Share will be changed to one whole post-Consolidation Share.

The Company's options and warrants will also be adjusted on the same basis (25 for 1) as the Shares, with proportionate adjustments being made to exercise prices.

A full description of the Consolidation is contained in the Company's management information circular dated September 25, 2017, which has been filed under the Company's profile on Sedar at: www.sedar.com on October 3, 2017.

Enquiries:

Helio Resource Corp

Richard Williams (CEO)
+1 604 638 8005

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.

Statements Regarding Forward-Looking Information

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 "anticipated", "estimates", "intends", "expected", "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.


View News Release in PDF Format:
File: http://www.helioresource.com/i/pdf/2018-02-06-nr-hrc.pdf
 141 KB, approx. 27 seconds at 56.6Kbps
 
#Wed Sep 6, 2017
Helio Rejects Shanta Gold's Invalid Attempt to Terminate Arrangement Agreement

 Vancouver, September 6, 2017

Helio Resource Corp (TSX-V: HRC), ("Helio" or the "Company") reports that, after careful consideration, it has concluded that there is no proper basis for Shanta Gold's purported termination of the arrangement agreement between Shanta Gold and the Company. Accordingly, the arrangement agreement remains in effect and Helio expects Shanta Gold to satisfy its obligations thereunder, including taking all commercially reasonable actions required to complete the transaction.

Richard Williams, Helio's CEO, said "We strongly disagree with Shanta Gold's assertion that the recent changes to Tanzania's mining laws amount to a material adverse effect as defined in the arrangement agreement and reject their opportunistic attempt to walk away from their obligations. We believe that combining Shanta Gold and Helio continues to make sense for both companies and are disappointed that our partner in this transaction chose to take this drastic step without any prior discussions."

Helio intends to vigorously enforce all of its rights under the arrangement agreement and seek to consummate the merger on the agreed terms.

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.

Additional Information

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

Statements Regarding Forward-Looking Information


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 "anticipated", "estimates", "intends", "expected", "believes", "may", "will" and include, without limitation, statements regarding the steps that Company expects to take in response to Shanta Gold's purported termination of the arrangement agreement between Shanta Gold and the Company. 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, uncertainties regarding the outcome of any litigation involving the Arrangement Agreement, 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.

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/2017-09-06-nr-hrc-3qqaz2.pdf
 111 KB, approx. 22 seconds at 56.6Kbps
 

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