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Helio Announces Private Placement for up to $1.75 Million
/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, April 22, 2013 /CNW/ - Helio Resource Corp. (TSX.V: HRC) (\"Helio\" or the \"Company\") is pleased to announce a\n non-brokered private placement to raise up to $1,750,000 comprising\n 25,000,000 units (the \"Units\") at a price of $0.07 per Unit. Each Unit\n shall consist of one common share of the Company (a \"Common Share\") and\n one common share purchase warrant of the Company (each whole such\n common share purchase warrant, a \"Warrant\").  Each Warrant will entitle\n the holder thereof to acquire one Common Share at any time until the\n second anniversary of the issuance of the Warrant, at a price of $0.14.\n\n\nCE Mining Limited (\"CE Mining\"), a Guernsey based company, will\n subscribe for a minimum of 20,000,000 Units (for $1,400,000).  The\n balance of the placement (5,000,000 Units) will be placed by the\n Company.  CE Mining has the right to subscribe for any Units not placed\n by the Company.  No fees or warrants shall be issued in connection with\n this financing.\n\n\nAssuming that CE Mining subscribes for no more than 20,000,000 Units it\n will own 14.75% of the issued and outstanding share capital of the\n Company upon closing of a fully subscribed placement.  On a partially\n diluted basis, CE Mining would own approximately 25.7% of the issued\n capital of the Company.\n\n\nAbout CE Mining\n\n\nCE Mining Ltd, a company jointly owned and managed by Plinian Capital\n Ltd (\"Plinian\") and Generation Asset Management, invests in exploration\n and development mineral resource projects.\n\n\nPlinian is an investor in and a leading operational manager of mineral\n discovery, development, production, and turnaround opportunities with\n extensive operational expertise in gold, silver, copper, nickel, PGMs\n (platinum group metals) and iron ore in the Americas, Australia and\n Africa.\n\n\nGeneration Asset Management (UK) Limited is an asset management, private\n equity and corporate finance company.\n\n\nCE Mining's three key principals have a combined experience base of more\n than 75 years in the mineral resource industry and include:\n\n\...