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Helio (TSX-V:HRC) agrees to private placement financing with IFC Investment of $1.7 Million
VANCOUVER, Nov. 9, 2011 /CNW/ - Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) ...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n\n\nTSX-V Trading Symbol: HRC\n\n\n         \n\n\nToll Free: +1 888 955 4728\n\n\nE-mail: [email protected]\n\n \n\nWebsite: www.helioresource.com\n\n\nVANCOUVER, Nov. 9, 2011 /CNW/ - Helio Resource Corp. (\"Helio\" or the\n \"Company\") (TSX-V: HRC) is pleased to announce that it has reached\n agreement with IFC, a member of the World Bank Group, whereby IFC will\n enter into a private placement equity subscription agreement (the\n \"Financing\") with the Company.\n\n\nThe Financing comprises 5,000,000 Units whereby each Unit consists of\n one common share of the Company and one half of one common share\n purchase warrant of the Company.  Each common share is priced at $0.34\n and each full common share purchase warrant is priced at $0.425 and is\n valid for a period of 2 years from the date of closing this financing.\n\n\nThe proceeds of the Financing will be used to continue the development\n and exploration of the SMP Gold Project, Tanzania, the Damara Gold\n Project in Namibia and for general working capital.\n\n\nThe Financing is scheduled to close on or before November 23, 2011, and\n is subject to TSX Venture Exchange approval.\n\n\nHelio's ongoing association with IFC represents numerous significant\n positives to the Company, most notably:\n\n\nIFC's track record of providing on-going financial support to its\n clients throughout the project cycle;\n\n\nAn association with a global financial organisation that promotes the\n highest of operating, environment, social, and health standards and;\n\n\nThe recognition of the potential of the Company's project to become\n viable gold deposits thereby providing economic stimulus to\n under-developed regions.\n\n\nABOUT IFC\n\n\nIFC, a member of the World Bank Group, creates opportunity for people to\n escape poverty and improve their lives.  IFC fosters sustainable\n economic growth in developing countries by supporting private sector\n development, mobilizing private capital and providing advisory and risk\n mitigation services to businesses and governments. IFC's new\n investments totalled $18 billion in fiscal 2010.  For more information\n on IFC, visit www.ifc.org.\n \n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n \n \n \n\n\"Richard D. Williams\"\n\n\n    
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