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Helio Resource Corp. (CVE:HRC) reports that it has closed its brokered and non-brokered private placements for total gross proceeds of $10 million.
The press release is quoted as saying:
The net proceeds from the Offering and the non-brokered private placement will be used for the advancement of the SMP gold project in Tanzania and the Damara gold project in Namibia and for general corporate working capital purposes.
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