TSX-V Trading Symbol: HRC
VANCOUVER, May 9, 2012 /CNW/ - Helio Resource Corp (TSXV: HRC) announces that the company has issued 2,700,000 incentive stock options to certain directors and employees.
The stock options have an exercise price of $0.25 per share and will vest after a 12 month period. The stock options will expire on May 8, 2017.
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 8,310,000 stock options issued, representing 7.5% 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.
For additional information, please contact Richard Williams or Irene Dorsman at +1 604 638 8007 or by e-mail to [email protected] or [email protected].
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