/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES./
VANCOUVER, Feb. 8 /CNW/ - Helio Resource Corp. (TSX.V: HRC) ("Helio" or the "Company") advises that, further to its
news release dated January 24, 2011 announcing the above private
placements, in relation to the brokered private placement of units
("Units") for up to C$8,000,000 (the "Offering") through a syndicate of
agents led by Scotia Capital Inc. and Stifel Nicolaus Canada Inc., and
including PI Financial Corp. and Macquarie Capital Markets Canada Ltd.
(the "Agents"), the Agents will receive a cash commission equal to 7%
of the gross proceeds raised under the Offering, plus broker warrants
(the "Broker Warrants") equal to 7% of the number of Units sold under
the Offering. The Broker Warrants will be exercisable into units of
the Company on the same terms as the Units to be issued under the
The Offering and the non-brokered private placement of up to $2,000,000
in units having the same terms as the Units is scheduled to close on or
about February 15, 2011.
These securities being offered have not been, and will not be,
registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") and may not be offered or sold in the
United States or to, or for the benefit of, U.S. persons (as defined in
Regulation S under the U.S. Securities Act) absent U.S. registration or
an applicable exemption from the U.S. registration requirements. This
release does not constitute an offer for sale of securities in the
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams"
Richard D. Williams, P.Geo
Christopher J. MacKenzie, C.Geol.
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.
Certain statements contained in this news release may contain
forward-looking information within the meaning of Canadian securities
laws. Such forward-looking information is identified by words such as
"estimates", "intends", "expects", "believes", "may", "will" and
include, without limitation, statements regarding the company's plan of
business operations (including plans for progressing assets), estimates
regarding mineral resources, projections regarding mineralization and
projected expenditures. There can be no assurance that such statements
will prove to be accurate; actual results and future events could
differ materially from such statements. Factors that could cause actual
results to differ materially include, among others, metal prices, risks
inherent in the mining industry, financing risks, labour risks,
uncertainty of mineral resource estimates, equipment and supply risks,
title disputes, regulatory risks and environmental concerns. Most of
these factors are outside the control of the company. Investors are
cautioned not to put undue reliance on forward-looking information.
Except as otherwise required by applicable securities statutes or
regulation, the company expressly disclaims any intent or obligation to
update publicly forward-looking information, whether as a result of new
information, future events or otherwise.
SOURCE Helio Resource Corp.
For further information:
Richard Williams at +1 604 638 8005 or by e-mail to firstname.lastname@example.org or Chris MacKenzie at +44 789 4237424 or by e-mail to email@example.com.