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
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.
SOURCE Helio Resource Corp.
For further information:
please contact Richard Williams or Irene Dorsman at +1 604 638 8007 or by e-mail to email@example.com or firstname.lastname@example.org