| Helio (TSX-V:HRC) Grants Incentive Stock Options and Retains Boom Capital for Marketing Services | |
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TSX-V Trading Symbol: HRC
Toll Free: +1 888 955 4728
E-mail: info@helioresource.com
Website: www.helioresource.com
VANCOUVER , Oct. 3, 2014 /CNW/ - Helio Resource Corp (HRC.V) announces that the company has granted 5,700,000 incentive stock options to certain directors, employees and consultants.
The stock options have an exercise price of $0.07 per share and will be valid until October 1, 2019 .
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 a total of 9,950,000 stock options issued, representing 4.56% of the Issued and Outstanding share capital.
In addition the Company announces that it has retained Boom Capital Markets Inc. ("Boom") on a month to month contract to provide investor relations support. Boom will be paid $5,500 per month and has been granted 250,000 incentive stock options (included in above totals), which will vest on a quarterly basis over the next 12 months.
ON BEHALF OF THE BOARD OF DIRECTORS OF HELIO
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"Richard D. Williams"
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"Chris MacKenzie"
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Richard D. Williams, P.Geo
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Christopher J. MacKenzie, C.Geol.
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CEO
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COO
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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.
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