Heliostar Announces Closing of Acquisition of Producing Mines and Development Projects in Mexico
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce completion of the acquisition of a 100% interest in all of Florida Canyon Gold Inc.'s ("FCGI") mining assets in Mexico for cash consideration of US$5,000,000 (the "Acquisition" or the "Transaction"). The assets include the San Agustin mine (formerly the El Castillo Complex), La Colorada mine, Cerro del Gallo project, and San Antonio project.As...
2024-11-08 6:30 AM EST
Heliostar Announces Closing of US$10M Debt Facilities to Support Acquisition of Production Assets
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce the closing of two previously-announced debt facilities with Ocean Partners USA, Inc. (the "Working Capital Facility") and Deans Knight Capital Management Ltd. (the "Transaction Closing Facility") for aggregate gross proceeds of US$10 million to support its acquisition of assets from Florida Canyon Gold Inc. (the "Acquisition"). The Company expects to complete the Acquisition on November...
2024-11-06 6:30 AM EST
Heliostar Hits 16m Grading 16.7 g/t Gold in New Zone with Step-Out Drilling at Ana Paula
HIGHLIGHTS:Hole AP-24-314 - 16.0 metres @ 16.7 grams per tonne (g/t) gold in a newly discovered zoneResults suggest that new zones of gold can be found surrounding the High Grade Panel Hole AP-24-313 - 6.05 metres @ 8.24 g/t goldThese results suggest the High Grade Panel can be expanded by...
2024-10-28 6:30 AM EDT
Heliostar Receives Regulatory Approval for Acquisition of Mexico Business Unit from Florida Canyon Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce receipt of the clearance decision from the Comisión Federal de Competencia Económica ("COFECE") with respect to the pending acquisition of the Mexico Business Unit of the former Argonaut Gold from Florida Canyon Gold Inc. COFECE approval was the final substantive regulatory approval required prior to closing the acquisition of the Mexico Business...
2024-10-23 6:30 AM EDT
Heliostar Announces VP Sustainability and Special Projects and Early Exercise of Warrants
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has appointed Mr. Hernan Dorado as Vice President Sustainability and Special Projects.Hernan has over 20 years of experience in the mining industry in Mexico and overseas. Most recently he was a founding member of Guanajuato Silver, holding roles including Chief Operating Officer and Chief Sustainability Officer. During his tenure, the company...
2024-10-17 6:30 AM EDT
Heliostar Closes $6M Financing with Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has closed a non-brokered private placement of 10,000,000 units (each, a "Unit") at a price of $0.60 per Unit for gross proceeds of $6,000,000 (the "Private Placement"). The Company is pleased to advise that Eric Sprott, through 2176423 Ontario Ltd., subscribed for the entire Private Placement.Each Unit consists of one common share in...
2024-10-16 6:30 AM EDT
Heliostar Announces VP Corporate Development
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has appointed Mr. Mike Gingles as Vice President Corporate Development.Mr. Gingles has over 35 years of corporate and entrepreneurial experience in the mining industry and is credited with leading corporate transactions for Pueblo Viejo and Turquoise Ridge that resulted in the development of over 30 million ounces of gold reserves. He has...
2024-10-08 6:30 AM EDT
Heliostar Announces $6M Financing with Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce a non-brokered private placement of 10,000,000 units (each, a "Unit") at a price of $0.60 per Unit for gross proceeds of $6,000,000 (the "Private Placement"). Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one non-transferable Common Share purchase warrant (each whole warrant,...
2024-10-07 6:30 AM EDT
Heliostar Commences 5,000 Metre Resource Expansion Drill Program at Ana Paula High Grade Gold Project, Mexico and Issues Incentive Grant
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it commenced a 5,000 metre diamond drill program at its Ana Paula Project in Mexico ("Ana Paula"). The two stage drill program will test the east, west and down dip extensions of the High Grade Panel and the Parallel Panel targets. Phase one will consist of seven drill holes totalling 2,600 metres and...
2024-09-17 6:30 AM EDT
Heliostar Arranges Debt Facilities up to US$10M to Support Acquisition of Production Assets
HIGHLIGHTS:Up to US$5 million working capital facility with Ocean Partners Immediately available Interest rate 3 month SOFR + 4% (currently 9.4%)Matures on December 31, 2025Up to US$5M transaction closing facility with Deans Knight Available to fund US$5M closing payment to acquire a Mexican asset portfolio from the former Argonaut Gold Interest rate 15% Mature on November 30, 2026Provides capital required to close the acquisition with less than 1% equity dilutionPrincipal and interest amounts to be r
2024-09-10 6:30 AM EDT
Heliostar Welcomes New Insider with Final Close of Previously Announced Financing
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has closed the final tranche (the "Final Tranche") of its non-brokered private placement offering (the "Offering").Timing for closing of the Final Tranche was driven by the need to obtain TSX Venture Exchange ("TSX-V") approval for a new insider position.Pursuant to the Final Tranche, the Company issued an aggregate of 1,886,000 Shares at...
2024-08-08 2:24 PM EDT
Heliostar to Acquire Gold Portfolio of Producing Mines and Development Projects in Mexico for US$5M
HIGHLIGHTS:Strategic Acquisition of former Argonaut Gold Assets in Mexico - transforms Heliostar into a gold producer with a robust development portfolioExpanded Asset Base - adds two producing mines, the San Agustin Mine and the La Colorada Mine, and two advanced development projects to Heliostar's portfolioIncreased Resource Base - Heliostar's measured and indicated resources grow to 3.5 million ounces of gold in addition to the Cerro del Gallo historical resource. Acquisition cost of measured and indicated resources is less...
2024-07-17 4:00 AM EDT
Heliostar Announces Initial Closing of $4.5 Million Offering with Lead Order from Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has closed the initial tranche of its non-brokered private placement offering (the "Offering") previously announced on June 5, 2024. Pursuant to the Offering, the Company issued an aggregate of 16,904,585 common shares (the "Shares") at a price of $0.265 per Share for gross proceeds of approximately $4,479,715.The Company expects to close a...
2024-06-21 4:43 PM EDT
Heliostar Announces $5 Million Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce a non-brokered private placement of up to 18,867,924 common shares (the "Offered Shares") at a price of $0.265 per Offered Share for gross proceeds of up to approximately $5 million (the "Private Placement"). The Company intends to use the net proceeds of the Private Placement for the commencement of drilling at Ana Paula and...
2024-06-12 10:43 AM EDT
Heliostar Announces Letter of Intent for a US$20M Gold Linked Debt Facility to Advance Ana Paula Deposit
HIGHLIGHTS:Debt Facility to fund completion of the Decline, Test Mining and processing of a Bulk SampleThis self-funding path is an innovative means of funding the advancement of the Ana Paula Project and minimize equity dilutionFunding expected to be repaid within 30 months from drawdown through sale of gold from the bulk sampleCompletion of the decline reduces future capital expenditure and future drilling costsA component of the debt funding and additional cash flows generated from the Test Mining to be used...
2024-05-07 9:11 AM EDT
Heliostar Evaluating Test Mining Scenario for Ana Paula in 2024
Highlights:Heliostar undertakes review of financing options to complete the existing decline and test mining of a bulk gold sample in advance of a Feasibility StudyMultiple scenarios show the potential to recover >20,000 ounces of gold from stopes averaging 7-10 g/t goldDemonstrates a potential pathway to production from test mining within 12 monthsThe Company is assesing non-equity funding options for this programHeliostar has initiated a Preliminary Economic Assessment ("PEA") planned for completion in H2, 2024Continued resource growth drilling, PEA, and underground...
2024-02-08 6:30 AM EST
Heliostar Metals Files Mineral Resource Update Technical Report for the Ana Paula Project
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce it filed its updated mineral resource estimate (the "Updated Mineral Resource Estimate") for the Ana Paula Project (the "Ana Paula Project") located in Guerrero, Mexico. The Updated Mineral Resource Estimate was completed by Rita Teal and Lewis Teal, Qualified Persons with Teal CPG Inc.The technical report titled "Ana Paula Project NI 43-101 Technical Report...
2024-01-12 6:30 AM EST
Heliostar Announces Minor Update to Closing of Warrant Incentive Program
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to update its disclosure regarding the closing of its warrant exercise incentive program (the "Incentive Program"). Capitalized terms used but not defined in this news release have the meanings given to them in the Company's news release dated December 11, 2023.An additional 18,000 Outstanding Warrants were exercised pursuant to the Incentive Program. Accordingly, the Company confirms...
2023-12-18 4:26 PM EST
Heliostar Metals Board Addition and Changes
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2023) - Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") The Board of Directors is pleased to announce the following changes and additions to its Board. We believe that these changes will provide strengthened governance while also adding depth and skills, providing clarity of responsibility and purpose for the company's next stage of growth. The board has approved the following Board and Management changes.Heliostar Chairman, Jacques Vaillancourt commented, "The...
2023-12-12 6:30 AM EST
Heliostar Announces Successful Closing of $5.2M Warrant Incentive Program
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce the successful completion of the Company's warrant exercise incentive program, as previously announced on November 14, 2023 (the "Incentive Program"). A total of 17,581,544 common shares in the capital of the Company (each a "Common Share") were issued upon the exercise of 17,581,544 previously outstanding share purchase warrants (the "Outstanding Warrants"), providing aggregate...
2023-12-11 6:30 AM EST