Helio (TSX-V:HRC) - Shareholder Update

About this update from Winshear Metals Corp.

[{"type":"text","content":"\n\n\n\nHelio (TSX-V:HRC) - Shareholder Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: CENTER; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n\n\n\n\n\n\nHelio (TSX-V:HRC) - Shareholder Update\nCanada NewsWire\nVANCOUVER, June 20, 2016\n\n\n\nTSX-V Trading Symbol: HRC\n\n\n\nVANCOUVER, June 20, 2016 /CNW/ - Helio Resource Corp (TSX-V: HRC), (\"Helio\" or the \"Company\") is pleased to provide the following corporate update.\n\nWarrant Exercise / Warrant Expiry / Share Capital Update\n\nOn Monday, June 13 the Company issued 7,500,000 new shares as a result of share purchase warrants being exercised, realizing a sum of $375,000 to Helio's treasury. As a result, Helio now has 249,578,959 shares issued and outstanding, no warrants, and 8,700,000 incentive stock options.  \n\nCE Mining Limited and CE Mining II Helio Limited together own a total of 80 million shares of the Company, representing 32.05% of the issued and outstanding common shares of the Company.\n\nAs a result of the warrant exercise, the Company now has over $1,500,000 gross cash in treasury.  \n\nTanzania\n\nThe focus for the Company going forward is advancing its SMP Gold Project in Tanzania.  Funds on hand will be used to define a drill programme to add to the current resource base and advance the project towards a production decision.\n\nThe SMP Gold Project has a current NI 43-101 Mineral Resource Estimate, as outlined in a news release dated April 28, 2015, and summarized below:\n\n\nThe total Indicated Resource is 7.5 million tonnes (\"Mt\") grading 2.4 grams per tonne (\"g/t\") gold (Au) for 590,000 ounces (oz) Au contained. \nThis can be broken down into 5.9 Mt grading 1.8 g/t Au for 332,000 oz inside a pit constrained shell at US$1,400/oz gold price and 1.6 Mt grading 4.9 g/t for 2...

More updates from Winshear Metals Corp.