Hellix Ventures Inc. (TSXV:HEL) announced a non-brokered private placement of up to 10,000,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on August 12, 2014. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.10 million per share for a period of 24 months from closing.