HELIO ENTERS INTO ARRANGEMENT AGREEMENT WITH SHANTA GOLD JUNE 19, 2017January 11th, 2021
FiledJanuary 11th, 2021Helio Resource Corp (“Helio” or the “Company”; TSX-V: HRC) and Shanta Gold Limited (“Shanta”) (AIM: SHG) have entered into a definitive arrangement agreement dated as of June 19, 2017 (the “Arrangement Agreement”) pursuant to which Shanta will acquire all of the issued and outstanding common shares of Helio (the “Transaction”) by way of a statutory plan of arrangement (the “Plan of Arrangement”). The Company and Shanta are arms-length parties. The Agreement is subject to shareholder and B.C. Supreme Court approval as described below.