Business
Helio Announces Closing of Final Tranche of Non-Brokered Private Placement
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE ...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO\n UNITED STATES NEWSWIRE SERVICES./ \n\n\nTSX-V Trading Symbol: HRC\nToll Free: +1 888 955 4728\nE-mail: [email protected]\nWebsite: www.helioresource.com\n\n\nVANCOUVER, May 16, 2013 /CNW/ - Helio Resource Corp. (TSXV: HRC) (\"Helio\" or the \"Company\") is pleased to announce the\n successful completion of the $1.75 million non-brokered private\n placement announced on April 22, 2013. The first tranche of funds\n ($1,400,000) was received and announced on May 9, 2013. The balance of\n the financing ($350,000 / 5,000,000 Units) has now been received and\n the securities have been issued.\n\n\nIn total, Helio has issued 25,000,000 Units of the Company in this\n Private Placement. Each Unit consists of one common share of the\n Company (a \"Common Share\") and one common share purchase warrant of the\n Company (a \"Warrant\"). Each Warrant entitles the holder to acquire one\n Common Share at a price of $0.14 for a period of two years from\n closing. All securities issued in connection with this private\n placement are subject to a four-month plus one day hold period. The\n hold period for the securities issued in this final tranche will expire\n on September 16, 2013 and the warrants will expire on May 15, 2015.\n\n\nAs a result of this closing, the Company has 135,602,959 shares issued\n and outstanding.\n\n\nNo commissions have been or shall be paid in connection with this\n financing.\n\n\nUse of Proceeds\n\n\nThe proceeds from the private placement will be used for the advancement\n of the resource at Helio's 238km² SMP Gold Project in the Lupa\n Goldfields of South West Tanzania, and for general corporate working\n capital purposes.\n\n\nThese securities being offered have not been, and will not be,\n registered under the United States Securities Act of 1933, as amended\n (the \"U.S. Securities Act\") and may not be offered or sold in the\n United States or to, or for the benefit of, U.S. persons (as defined in\n Regulation S under the U.S. Securities Act) absent U.S. registration or\n an applicable exemption from the U.S. registration requirements. This\n release does not constitute an offer for sale of securities in the\n United States.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n\n\n\n\"Richard D. Williams\"\nRichard D. Williams, P....