Helio Resource Corporation: Announces Shares for Debt Settlement
![Helio Resource Corporation: Announces Shares for Debt Settlement](https://www.minenportal.de/media/goldseiten-news.jpg)
In conjunction with the debt settlement, Helio and Plinian Capital have agreed to reduce the operator fees by 50%, and senior management has agreed to reductions in compensation of between 25% and 55%.
About Helio Resource Corp.
Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision.
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams" | "Chris MacKenzie" |
Richard D. Williams, P.Geo | Christopher J. MacKenzie, C.Geol. |
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.
Contact
please contact Richard Williams at 604 638 8005. E-mail: info@helioresource.com, Website: www.helioresource.com