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20:50:04 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Heliostar Metals Ltd
Symbol HSTR
Shares Issued 55,046,340
Close 2022-12-02 C$ 0.24
Market Cap C$ 13,211,122
Recent Sedar Documents

Heliostar investor Phoenix's holdings fall below 10%

2023-03-20 11:55 ET - News Release

Koleszar Subject: Heliostar Metals Ltd. - Dissemination Word Document File: '\\swfile\EmailIn\20230320 084306 Attachment News Release (Phoenix) (003).docx' PHOENIX GOLD FUND LIMITED 9, Jalan P Ramlee 50250 Kuala Lumpur, Malaysia Vancouver, British Columbia - March 20th, 2023 - Phoenix Gold Fund Limited ("Phoenix") of Kuala Lumpur, Malaysia, announces that as a result of the increase in the issued and outstanding shares of Heliostar Metals Ltd. (the "Issuer") due to the closing of a non-brokered private placement event by the Issuer, Phoenix no longer holds over 10% of the issued and outstanding shares of the Issuer. Prior to the event, Phoenix owned 10,614,533 common shares of the Issuer, representing 19.29% of the latest issued and outstanding shares of the Issuer on an undiluted basis. In addition, Phoenix owned 4,250,000 share purchase warrants. If Phoenix exercises all of its warrants, it will own 14,864,533 common shares of the Issuer, representing 25.08% of the issued and outstanding shares of the Issuer on a partially diluted basis. As a result of the event, Phoenix continues to own 10,614,533 common shares of the Issuer, representing 7.18% of the issued and outstanding shares of the Issuer on an undiluted basis. In addition, Phoenix owns 4,250,000 share purchase warrants. If Phoenix exercises all of its warrants, it will own 14,864,533 common shares of the Issuer, representing 9.78% of the issued and outstanding shares of the Issuer on a partially diluted basis, assuming no further common shares of the Issuer have been issued. Phoenix continues to hold the securities for investment purposes only. Phoenix 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 Instrument 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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