19:08:10 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Heliostar Metals Ltd
Symbol HSTR
Shares Issued 43,026,340
Close 2022-08-03 C$ 0.235
Market Cap C$ 10,111,190
Recent Sedar Documents

ORIGINAL: Heliostar investor Phoenix buys eight million shares

2022-08-03 18:18 ET - News Release

Received by email:

File: '\\office\emailin\20220803 145038 Attachment HSTR - Draft News Release from Phoenix Gold Fund (early warning).DO
--->CX'







PHOENIX GOLD FUND LIMITED
9, Jalan P Ramlee
 50250 Kuala Lumpur, Malaysia 

Vancouver, British Columbia - August 3rd, 2022 - Phoenix Gold Fund Limited ("Phoenix") of Kuala Lumpur, Malaysia, anno
--->unces it has acquired an aggregate of 8,000,000 common shares and 8,000,000 share purchase warrants of Heliostar Metal
--->s Ltd. (the "Issuer") pursuant to a non-brokered private placement. Phoenix acquired the common shares at a price of $
--->0.25 per share for a total purchase price of $2,000,000. The Issuer's head office is located at 1090 West Georgia Stre
--->et, Suite 700, Vancouver, British Columbia, V6E 3V7.
Immediately prior to the acquisition, Phoenix owned 2,614,533 common shares of the Issuer, representing 6.08% of the l
--->atest issued and outstanding shares of the Issuer. In addition, Phoenix owned 250,000 share purchase warrants. If Phoe
--->nix exercised all of its warrants, it would then have owned 2,864,533 common shares of the Issuer, representing 6.62% 
--->of the issued and outstanding shares of the Issuer on a partially diluted basis.
As a result of the acquisition, Phoenix now owns 10,614,533 common shares of the Issuer, representing 19.29% of the is
--->sued and outstanding shares of the Issuer on an undiluted basis. In addition, Phoenix owns 8,250,000 share purchase wa
--->rrants. If Phoenix exercises all of its warrants, it would own 18,864,533 common shares of the Issuer, representing 29
--->.81% of the issued and outstanding shares of the Issuer on a partially diluted basis, assuming no further common share
--->s of the Issuer have been issued.
Phoenix acquired the securities for investment purposes and has no present intention to dispose of securities of the I
--->ssuer. Phoenix Gold may, in the future participate in financings and/or acquire or dispose of securities of the Issuer
---> in the market, privately or otherwise, subject to a number of factors, including general market conditions and other 
--->available investment and business opportunities.
The disclosure respecting Phoenix's shareholdings contained in this press release is made pursuant to National Instrum
--->ent 62-103 and/or the National Instrument 62-104 and a report respecting the above acquisition will be filed with the 
--->applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) and
---> will be available for viewing at www.sedar.com.






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