Helio Grants Incentive Stock Options

TSX-V Trading Symbol: HRC

VANCOUVER, June 27, 2011 /CNW/ - Helio Resource Corp. (TSXV: HRC) announces that the company has issued 2,650,000 incentive stock options to certain directors, employees and consultants.

The stock options have an exercise price of $0.45 per share and will vest after a 12 month period.  The stock options will expire 5 years after the date of issue.

The Company's Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share capital in the form of incentive stock options.  As a result of this grant, the company has 6,260,000 stock options issued, representing 6% of the issued and outstanding share capital.

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.

 

SOURCE Helio Resource Corp.

For further information:

please contact Richard Williams or Irene Dorsman at +1 604 638 8007 or by e-mail to richard@helioresource.com or irene@helioresource.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890