Bronco Resources Corp. press release
Helio Grants Incentive Stock Options
TSXV - TSX Venture Exchange · Gold · Canada
Jun. 27, 2011 (Canada NewsWire Group) --
TSX-V Trading Symbol: HRC
VANCOUVER, June 27, 2011 /CNW/ - Helio Resource Corp. (TSXV: HRC) announces that the company has issued 2,650,000 incentive stock options to certain directors, employees and consultants.
The stock options have an exercise price of $0.45 per share and will vest after a 12 month period. The stock options will expire 5 years after the date of issue.
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 6,260,000 stock options issued, representing 6% of the issued and outstanding share capital.
ON BEHALF OF THE BOARD OF DIRECTORS
| "Richard D. Williams" | "Chris MacKenzie" | | Richard D. Williams, P.Geo | Christopher J. MacKenzie, C.Geol. | | CEO | COO |
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.
please contact Richard Williams or Irene Dorsman at +1 604 638 8007 or by e-mail torichard@helioresource.comorirene@helioresource.com
Earlier from Bronco Resources Corp.
- Helio Makes a Significant New Gold-Copper-Silver Discovery at the Gold Kop Target, Damara Gold Project, Namibia
- Helio's First drill results of 2011 Drill Programme confirm extension of mineralisation at Porcupine Target Resource - SMP Gold Project, Tanzania
- Helio (TSXV:HRC) Commences 5,000m Drill Programme on the Gold Kop Target, Damara Gold Project, Namibia