Helio Resource Corp. Agrees to Private Placement Financing with IFC Investment of $1.7 Million

Helio Resource Corp. (TSXV:HRC) announced that it has reached agreement with IFC, a member of the World Bank Group, whereby IFC will enter into a private placement equity subscription agreement (the “Financing”) with the Company.

As quoted in the press release:

The Financing comprises 5,000,000 Units whereby each Unit consists of one common share of the Company and one half of one common share purchase warrant of the Company. Each common share is priced at $0.34 and each full common share purchase warrant is priced at $0.425 and is valid for a period of 2 years from the date of closing this financing.

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