Vancouver, B.C.: Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR) is pleased to announce a non-brokered private placement financing for aggregate gross proceeds of up to $750,000. The financing will consist of up to 7.5 million units at 10 cents, each unit consisting of one common share of the company and one common share purchase warrant with each warrant being exercisable for an additional common share at an exercise price of 20 cents for 24 months. The warrants will be subject to the right of the company to accelerate the exercise of the warrants if the shares of the company trade at or above 50 cents for a period of 10 consecutive trading days. Finders’ fees in accordance with TSX Venture Exchange policies may apply to the financing. All securities issued pursuant to the financing will be subject to a four-month hold. Proceeds raised from the financing will be used for the project payments and holding costs, exploration and working capital expenditures.
The company previously announced in a news release on Nov. 24, 2022, that the company would be relying on National Instrument 45-106 Section 5A.2 and a Form 45-106F19 offering document
for an announced private placement offering. The company has elected to terminate that private placement and offering document has been withdrawn and should not be relied upon.
About Homerun Resources
Homerun Resources is focused on the exploration and development to production of minerals in the critical elements and energy metals sectors.
On behalf of the Board of Directors of
Homerun Resources Inc.
Brian Leeners, CEO & Director
Neither the 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