Helio Closes Private Placements for $10.0 Million

Helio Resource Corp. (TSXV: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.

Click here to access the entire news release.