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.|
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