TSX-V Trading Symbol: HRC Website: www.helioresource.com
VANCOUVER, Aug. 31 /CNW/ - The Company reports that it held its AGM on August 25, 2009 and all resolutions were approved unanimously (see the SEDAR filing of the Information Circular, dated July 31, 2009).
At the subsequent Board of Directors meeting the following resolutions were adopted:
1. Grenville Thomas was re-appointed Chairman of the Board.
2. The Audit Committee, comprising Cliff Davis (Chairman), Stephen
Leahy, and Richard Williams, was re-appointed.
3. The Compensation Committee, comprising Cliff Davis, Grenville Thomas,
and Stephen Leahy, was re-appointed.
Officers of the Company comprise Chris MacKenzie (Chief Operating Officer), Richard Williams (Chief Executive Officer), Andrew MacRitchie (Chief Financial Officer), and Stewart Lockwood (Corporate Secretary).
Helio's main focus is the development of the SMP gold project in Tanzania. As part of its strategic approach to project development, Helio has optioned 8 of its Namibian licences to Desert Minerals (UK) Ltd. and continues to pursue joint venture partners for its two other projects in Namibia.
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams" "Chris MacKenzie"
Richard D. Williams, P.Geo Christopher J. MacKenzie, C.Geol.
CEO COO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00012999E