Business
Heliostar Returns to Trading on TSX-V
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2023) - Heliostar Metals Limited (TSXV: ...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Returns to Trading on TSX-VVancouver, British Columbia--(Newsfile Corp. - March 22, 2023) - Heliostar Metals Limited (TSXV: HSTR) (OTC Pink: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to announce that trading in the Company's shares will resume at the open of the market today, March 22nd on the TSX Venture exchange.Heliostar CEO Charles Funk commented, \"This is another key milestone for shareholders of the Company as we complete our transformation to become a gold developer. The Company closed a C$20.4 Million financing on March 17th, resumes trading today and expects to complete the transaction before the end of March. Heliostar returns to trade with a significantly more advanced portfolio of projects led by the permitted Ana Paula deposit, over 3.2 million measured and indicated ounces owned or optioned and a much stronger gold price. Our key next step is to provide a detailed re-scoping program for Ana Paula upon completion of the transaction.\"The Company can now submit the required documentation to return to trade on the OTCQX and will provide an update once the timeline is clear.Acquisition WebinarHeliostar Metals will present detailed introduction to the transaction in a live webinar at 1pm Pacific (4pm Eastern) on Thursday March 23rd. The webinar can be accessed with this link https://www.amvestcapital.com/webinar-directory/heliostarmetals032323 or via the Company's website. CEO Charles Funk will make a presentation and take participants questions. A recording will be made available on the Company website following the webinar.About Heliostar Metals Ltd.Heliostar is a junior mining company with a portfolio of advanced high-grade gold projects in Mexico and Alaska.Upon completion of the Transaction, the Company intends to focus on developing the 100% owned Ana Paula Project in Guerrero, Mexico. In addition, Heliostar is working with the Mexican government to permit the San Antonio Gold Project in Baja Sur, Mexico. The Company continues efforts to expand the resource at the Unga Gold Project in Alaska, United States of America.The Ana Paula Project deposit contains proven and probable mineral reserves of 1,021,000 ounces of gold at 2.36 grams per tonne (\"g/t\") gold and 2,254,000 ounces of silver at 5.22 g/t silver.1 Ana Paula hosts measured and indicated resources of 1,461,800 ounces of g...