Halo Resources Ltd.
Halo Resources Ltd.:Halo Files Preliminary Short-Form Prospectus for an Offering of Units and Flow-Through Common Shares
Halo Resources Ltd. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- April 10, 2008 Toronto, Ontario – Halo Resources Ltd. ('Halo') (TSXV: HLO, FSE:HRL) today announced that it has received a decision document for its preliminary short-form prospectus dated April 8, 2008 filed with the securities regulatory authorities in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario in connection with a best efforts equity financing of units and flow-through common shares, with each unit being comprised of one common share and one-half of one common share purchase warrant. The offering will be conducted by Versant Partners Inc. and Canaccord Capital Corporation. Halo will use the net proceeds of the offering for exploration of its Sherridon VMS Mineral property in Manitoba, its West Red Lake and Duport properties in Ontario and for general corporate purposes. Closing of the offering is expected to occur on or about April 29, 2008 and is subject to certain conditions, including but not limited to, receipt of all necessary securities regulatory approvals, including the approval of the TSX Venture Exchange. About Halo Resources Ltd. Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; Red Lake, which is a gold exploration project, and the Sherridon project which is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company’s growth strategy is to develop a diversified portfolio of advanced mining projects. Contact Germany: Value Relations GmbH T. 069 / 959246 – 11 F. 069 / 959246 – 20 HALO@ir-services.de www.halores.com 10.04.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Halo Resources Ltd. Suite 1280, 625 Howe Street V6C 2T6 Vancouver, BC Kanada Phone: +1 604 484 0068 Fax: +1 604 484 0069 E-mail: info@halores.com Internet: www.halores.com ISIN: CA40637D1087 WKN: A0DQZ4 End of News DGAP News-Service ---------------------------------------------------------------------------
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