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Homerun Resources Inc. Announces Upsizing and Closing of Private Placement Financing

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Homerun Resources (TSXV: HMR) (OTCQB: HMRFF) has upsized and closed its non-brokered private placement, raising $2,177,570 through the issuance of 1,675,054 units. Each unit includes one common share and one warrant exercisable at $2.00 for 24 months. The company will pay $38,834 in finder's fees and issue 29,872 Broker Warrants. Proceeds will be allocated to: CBPM Lease Payment ($270,000), Guidoni Purchase Payment ($135,000), Research and Development ($243,000), and Operations & Business Development ($1,733,736).

Homerun Resources (TSXV: HMR) (OTCQB: HMRFF) ha aumentato e concluso il suo collocamento privato non mediato, raccogliendo $2.177.570 attraverso l'emissione di 1.675.054 unità. Ogni unità comprende una azione ordinaria e un warrant esercitabile a $2,00 per 24 mesi. L'azienda pagherà $38.834 in commissioni di intermediazione e emetterà 29.872 Warrant per Broker. I proventi saranno destinati a: Pagamento del contratto CBPM ($270.000), Pagamento per l'acquisto Guidoni ($135.000), Ricerca e Sviluppo ($243.000) e Operazioni & Sviluppo Aziendale ($1.733.736).

Homerun Resources (TSXV: HMR) (OTCQB: HMRFF) ha aumentado y cerrado su colocación privada no mediada, recaudando $2,177,570 a través de la emisión de 1,675,054 unidades. Cada unidad incluye una acción ordinaria y un warrant ejercitable a $2.00 durante 24 meses. La empresa pagará $38,834 en comisiones de intermediación y emitirá 29,872 Warrants para Brokers. Los ingresos se destinarán a: Pago de arrendamiento de CBPM ($270,000), Pago de compra de Guidoni ($135,000), Investigación y Desarrollo ($243,000) y Operaciones y Desarrollo Empresarial ($1,733,736).

Homerun Resources (TSXV: HMR) (OTCQB: HMRFF)는 비중개 민간 투자유치를 증대하여 마감하였으며, 1,675,054 유닛을 발행하여 $2,177,570를 모금하였습니다. 각 유닛은 보통주 1주와 24개월 동안 $2.00에 행사 가능한 워런트 1개를 포함합니다. 회사는 $38,834의 중개 수수료를 지불하고 29,872명의 중개인 워런트를 발행할 예정입니다. 수익금은 다음과 같이 배분될 것입니다: CBPM 임대료 지급 ($270,000), Guidoni 구매 지급 ($135,000), 연구 및 개발 ($243,000), 운영 및 사업 개발 ($1,733,736).

Homerun Resources (TSXV: HMR) (OTCQB: HMRFF) a augmenté et clôturé son placement privé sans courtier, levant $2,177,570 par l'émission de 1,675,054 unités. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à $2.00 pendant 24 mois. La société paiera $38,834 en frais de placement et émettra 29,872 bons de souscription pour courtiers. Les produits seront alloués à : Paiement de bail CBPM ($270,000), Paiement d'achat Guidoni ($135,000), Recherche et développement ($243,000) et Opérations & développement commercial ($1,733,736).

Homerun Resources (TSXV: HMR) (OTCQB: HMRFF) hat seine nicht vermittelte Privatplatzierung erhöht und abgeschlossen und dabei $2.177.570 durch die Ausgabe von 1.675.054 Einheiten gesammelt. Jede Einheit umfasst eine Stammaktie und eine Warrants, die für 24 Monate zu $2,00 ausgeübt werden kann. Das Unternehmen wird $38.834 an Vermittlungsgebühren zahlen und 29.872 Broker-Warrants ausgeben. Die Einnahmen werden wie folgt verwendet: CBPM Mietzahlung ($270.000), Guidoni Kaufzahlung ($135.000), Forschung und Entwicklung ($243.000) sowie Betrieb & Geschäftsentwicklung ($1.733.736).

Positive
  • Successfully raised $2.17M through private placement
  • Significant allocation of $1.73M for Operations & Business Development
  • Strategic investment in R&D with $243,000 allocation
Negative
  • Potential dilution of existing shareholders through new share issuance
  • Warrant exercise could lead to further dilution if exercised

Vancouver, British Columbia--(Newsfile Corp. - October 25, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that, further to the news release dated October 16, 2024, detailing a non-brokered private placement of up to 1,659,977 units for aggregate gross proceeds of up to $2,157,970, the Company will now issue 1,675,054 units (the "Units"), for aggregate gross proceeds of $2,177,570.

Each Unit consisting of one common share of the Company and one common share purchase warrant (a "Warrant"), with each Warrant being exercisable for one additional common share of the Company at an exercise price of $2.00 for 24 months from the date of issue, subject to the right of the Company to accelerate the exercise period to 30 days if, after the expiry of the 4 month hold, common shares of the Company close at or above $3.00 for 10 consecutive trading days.

In connection with the Financing, the Company will pay cash finder's fees of $38,834 and 29,872 Broker Warrants to Red Cloud Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp. and Leede Financial Inc. All securities issued pursuant to the Financing are subject to a four-month and one-day hold period.

Use of Proceeds

Final CBPM Lease Payment $ 270,000
Guidoni Purchase Payment $ 135,000
Research and Development $ 243,000
Operations & Business Development $ 1,733,736
Fees $ 38,834
$ 2,177,570

 

About Homerun Resources (https://homerunresources.com/)

Homerun is focused on the development of industrial materials and technologies that will contribute to meeting the world's clean energy and climate goals. The Company is listed on the TSX Venture Exchange under the symbol HMR.

On behalf of the Board of Directors of
Homerun Resources Inc.

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227799

FAQ

How much did Homerun Resources (HMRFF) raise in its October 2024 private placement?

Homerun Resources raised $2,177,570 through the issuance of 1,675,054 units in its October 2024 private placement.

What is the exercise price and term of the warrants issued in Homerun Resources' private placement?

The warrants are exercisable at $2.00 per share for 24 months from the date of issue, with an acceleration clause if shares trade at or above $3.00 for 10 consecutive days.

How will Homerun Resources (HMRFF) use the proceeds from its private placement?

The proceeds will be used for CBPM Lease Payment ($270,000), Guidoni Purchase Payment ($135,000), Research and Development ($243,000), Operations & Business Development ($1,733,736), and fees ($38,834).

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