February 02, 2012
Hellix Arranges $1.7 Million at $0.68 Private Placement
HELLIX VENTURES INC. (the "Company" or "Hellix") is pleased to announce it has arranged a non-brokered private placement of 2,500,000 units at a price of $0.68 per unit for total gross proceeds of $1,700,000 subject to regulatory approvals. Each unit will consist of one common share and one transferable common share purchase warrant exercisable at $0.90 for 24 months after the closing. One (1) warrant shall be required to exercise for each one (1) common share at the exercise price. Proceeds will be used for working capital.
HELLIX VENTURES (HEL – TSX.V) is engaged in the identification, acquisition, exploration and development of gold and silver properties in North America. Hellix has no debt (other than short-term trade payables), and has positive cash flow from fossil fuel production in Western Canada. All transactions stated or referred to herein are expressly subject to TSX Venture Exchange approval as well as all other applicable regulatory body approvals.
ON BEHALF OF THE BOARD OF DIRECTORS
HELLIX VENTURES INC.
Toll Free: 1-877-430-3113 Phone: (604) 683-6657 Fax: (604) 684-4407
Neither 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. The forgoing is for informational purposes only, and is not to be construed as an offer to buy or sell securities in any jurisdiction. It may contain forward-looking statements. While the data compiled by management is from sources deemed to be reliable, actual future results may vary materially. Hellix Ventures Inc. does not assume the obligation to update any forward-looking statement and will not be responsible for any loss or damage arising from the use of this information. Any unauthorized use, distribution or copying of this communication by other than the intended recipient is strictly prohibited. If you have received this correspondence in error, please delete immediately.