Helio Resource hereby provides an update of the SMP Gold Project located in Tanzania. Helio's SMP project comprises 8 Prospecting Licenses, 4 Retention Licences, and one licence under application . The four Retention Licences are RL 0009, RL 0010, RL 0011, and RL 0012. Under the Tanzanian Mining Act, 2010, Retention Licences were issued to projects at which a mineral resource had been identified, but the projects could [...]
TSX-V Trading Symbol: HRC VANCOUVER, May 14, 2018 /CNW/ - Helio Resource Corp. reports that the Company has entered into a debt settlement agreement with an arm's length 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 [...]
VANCOUVER, April 13, 2018 /CNW/ - Helio Resource Corp. 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. "Richard D. Williams" Richard D. Williams, P.Geo Neither the TSX Venture Exchange nor its Regulation Services Provider accepts [...]
TSX-V Trading Symbol: HRC /JURISDICTIONS./ VANCOUVER, Feb. 6, 2018 /CNW/ - Helio Resource Corp. is pleased to announce that the TSX Venture Exchange has approved a consolidation of the Company's common shares on the basis of one new Share for every 25 Shares currently issued and outstanding . The Consolidation was approved by the Company's shareholders at the annual general and special meeting held on October 26, 2017 [...]
TSX-V Trading Symbol: HRC E-mail: info@helioresource.com Phone: +1 604 638 8005 Website: www.helioresource.com VANCOUVER, Sept. 6, 2017 /CNW/ - 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 [...]
TSX-V Trading Symbol: HRC VANCOUVER, Aug. 18, 2017 /CNW/ - Helio Resource Corp. (TSX-V: HRC), ("Helio" or the "Company") reports that it has received notice from Shanta Gold that Shanta has terminated the arrangement agreement previously announced on June 20, 2017. Shanta cites changes to the Mining Law introduced by the President of Tanzania on July 10 as the basis for the termination. The Company will seek legal advice [...]
Helio Resource and Shanta Gold have entered into a definitive arrangement agreement dated as of June 19, 2017 pursuant to which Shanta will acquire all of the issued and outstanding common shares of Helio by way of a statutory plan of arrangement. The Company and Shanta are arms-length parties. The Agreement is subject to shareholder and B.C. Supreme Court approval as described below.
Helio Resource reports that, in an arms length private transaction, it has sold all of its interest in a private company with assets in Namibia (see news release dated May 31, 2016) for proceeds of CAD885,892. No commissions or fees were payable in regards to this transaction. About Helio Resource Corp. Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a [...]
VANCOUVER, Dec. 15, 2016 /CNW/ - 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 [...]
Helio Resource herein reports the results of its Annual General Meeting held on September 23, 2016. All of the resolutions presented to the shareholders were approved, 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 [...]
Helio Resource 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 [...]
Helio Resource 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 [...]
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