Helio Increases Private Placement Financing to $900,000
Suite 580 – 625 Howe Street
Vancouver, B.C., V6C 2T6
Phone: 1 604 200 7874
HELIO INCREASES PRIVATE PLACEMENT FINANCING TO $900,000
Vancouver, August 1, 2019
Helio Resource Corp (“Helio” or the “Company”; TSX-V: HRC) is pleased to announce that,
pursuant to the news release dated May 15, 2019, it has increased the previously announced
non-brokered private placement financing to $900,000. Proceeds from the financing will be used
to cover the first phase of exploration work on the Gaban Gold Property in Peru and to cover initial
working capital.
Completion of the Private Placement financing is subject to TSX Venture Exchange approval of
the transaction, including acceptance of a NI 43-101 Technical Report for the Gaban Gold
Property, Peru, which has been submitted for review. The Company’s shares will remain halted
until TSX approval has been received.
Private Placement Terms
The financing will consist of up to 15,000,000 Units priced at 6c per Unit, whereby each Unit is
comprised of one (1) common share of the Company and one half (1/2) warrant, whereby one
full warrant entitles the holder to purchase one common share of the Company for 10c per
common share at any time within 12 months of closing the financing. All shares issued will be
subject to a 4 month plus one day hold period from the date of issuance.
Enquiries:
Helio Resource Corp.
Richard Williams (CEO) +1 604 210 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.
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", “wants to” and include, without limitation, statements regarding the
Company's plan of business operations (including plans for progressing assets). 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.