Helio Resource Corp. (TSX-V: HRC) ("Helio" or the "Company") announces that a warrant Triggering Event has
occurred in relation to those warrants issued by the Company
on February 16, 2006.
The Triggering Event, resulting
from the Company's share price trading at a price of greater
than $0.90 for a period of 20 consecutive trading days,
requires the Company to provide notice to the warrant holders
that the expiry term of the warrants has been amended to 30
days from the date after such notice. The expiry time and date
of the warrants is now 5:00 p.m. Eastern Standard Time, July
2, 2007. The expiry date is no longer February 16, 2008.
Warrants not exercised before 5:00pm, Eastern Standard
Time, on Monday July 2, 2007, will expire. The warrants
affected by the Triggering Event relate to the Private Placement which closed on February 16, 2006 (see news release
dated February 17, 2006).
Helio Resource Corp. is a
dynamic, technically driven mineral exploration company,
focused on project generation in politically and economically
stable countries in southern Africa. Helio is actively exploring 20 prospective gold, base-metal and
Diamond
properties in Namibia, Botswana, Mozambique and Tanzania, and
is focusing on progressing the SMP gold project in Tanzania.
As part of its strategic approach to project development, the
company is continuing to attract joint venture partners for
its other projects in Namibia, Botswana and Mozambique. In
addition, the company continues to look for new acquisition
opportunities.
For additional information, please
contact Richard Williams or Irene Dorsman at (604) 638 8007 or
by e-mail to
richard@helioresource.com
or
irene@helioresource.com.
ON BEHALF OF THE BOARD OF
DIRECTORS |
"Richard D.
Williams" Richard D. Williams, P.Geo CEO |
"Chris
MacKenzie" Christopher J. MacKenzie,
C.Geol. COO |
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release.