Helio Grants Incentive Stock Options and Retains Boom Capital for Marketing Services

03.10.2014  |  CNW

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