Hellix Ventures Inc. (TSXV:HEL) announced a non brokered private placement of 2,500,000 units at a price of CAD 0.68 per unit for gross proceeds of CAD 1,700,000 on February 1, 2012. Each unit will consist of one common share and one non-transferable common share purchase warrant exercisable at CAD 0.90 per share for 24 months after the closing of the transaction. One warrant shall be required to exercise for each one common share at the exercise price.