CE Mining Ltd. and CE Mining II Helio Ltd. jointly own 80,000,000 shares representing 32% of Helio's issued and outstanding share capital.
CE Mining Limited's, a "Control Person" of the Company under applicable securities legislation, total security position in the Company remains at 66,140,000 common shares.
CE Mining and CE Mining II Helio Ltd. are jointly owned and managed by Plinian Capital LLP ("Plinian") and Generation Mining Limited.
Plinian is an investor in and a leading operational manager of mineral discovery, development, production, and turnaround opportunities with extensive operational expertise in gold, silver, copper, nickel, PGMs (platinum group metals) and iron ore in the Americas, Australia and Africa. Generation Mining Limited is linked to Generation Asset Management (UK) Ltd., an asset management, private equity and corporate finance company.
Since its formation in 2009, Plinian has delivered exceptional results to shareholders and established a track record of success through its participation in Mandalay Resources Corp (TSX: MND), West African Minerals (AIM:WAFM), Nimini Holdings Ltd. (Private), and CE Mining Ltd. (Private).
On July 23, 2014, Plinian became the operator of the SMP Gold project, by invoking the terms of the operating agreement, which was signed in conjunction with the financing in May 2013.
Bradford Mills (Founder and Managing Director of Plinian), and Mark Sander (Principal) have joined Helio's Board of Directors, adding over 50 years of relevant industry experience.
The International Finance Corporation (IFC) is a member of the World Bank Group and an international financial institution which offers investment, advisory, and asset management services to encourage private sector development in developing countries.
IFC invested $6.2m and $1.7m in February 2010 and November 2011 respectively and now owns 6.5% of the issued and outstanding share capital of Helio Resource Corp.
Helio is pleased to be associated with a global financial organization that promotes the highest standards of operating, environmental, social and health practices. Another positive of IFC's involvement is its track record of ongoing financial support throughout the project cycle.
IFC's Environmental and Social Review of the SMP Gold Project in Tanzania indicates that the environmental, health, safety and social impact of Helio's operations is limited.