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 (TSX-V:
HRC) 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.