Homerun Resources Inc. Announces Upsizing of Private Placement Financing
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced an upsizing of its previously announced private placement financing. The company has increased the offering from 769,231 units for $1,000,000 to 1,659,977 units for $2,157,970. Each unit, priced at $1.30, consists of one common share and one warrant exercisable at $2.00 for 24 months. The warrants are subject to acceleration if the company's shares trade at or above $3.00 for 10 consecutive trading days.
Proceeds will be used for general working capital and development of the company's HPQ silica projects. CEO Brian Leeners expressed delight with the support from shareholders. The financing includes participation from company insiders, constituting a related party transaction under MI 61-101, with the company relying on exemptions from valuation and minority shareholder approval requirements.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha annunciato un aumento della propria offerta di finanziamento tramite collocamento privato precedentemente annunciata. L'azienda ha ampliato l'offerta da 769.231 unità per $1.000.000 a 1.659.977 unità per $2.157.970. Ogni unità, valutata a $1,30, è composta da un'azione ordinaria e un warrant esercitabile a $2,00 per 24 mesi. I warrant sono soggetti ad accelerazione se le azioni della società vengono scambiate a $3,00 o più per 10 giorni di trading consecutivi.
I proventi saranno utilizzati per il capitale circolante generale e lo sviluppo dei progetti di silice HPQ della società. Il CEO Brian Leeners ha espresso grande soddisfazione per il sostegno ricevuto dagli azionisti. Il finanziamento include la partecipazione di insider aziendali, costituendo una transazione tra parti correlate ai sensi della MI 61-101, con la società che si basa su esenzioni dai requisiti di valutazione e approvazione degli azionisti di minoranza.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha anunciado un aumento en su oferta de financiación mediante colocación privada previamente anunciada. La compañía ha incrementado la oferta de 769,231 unidades por $1,000,000 a 1,659,977 unidades por $2,157,970. Cada unidad, con un precio de $1.30, consiste en una acción ordinaria y una opción de compra ejercitable a $2.00 por 24 meses. Las opciones de compra están sujetas a aceleración si las acciones de la empresa se negocian a $3.00 o más durante 10 días hábiles consecutivos.
Los ingresos se utilizarán para capital de trabajo general y el desarrollo de los proyectos de sílice HPQ de la compañía. El CEO Brian Leeners expresó su satisfacción por el apoyo de los accionistas. La financiación incluye la participación de insiders de la empresa, constituyendo una transacción entre partes relacionadas bajo la MI 61-101, con la empresa apoyándose en exenciones de los requisitos de valoración y aprobación de accionistas minoritarios.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF)는 이전에 발표한 사모 펀딩의 규모를 늘렸다고 발표했습니다. 회사는 769,231 개 유닛에서 $1,000,000에 1,659,977 개 유닛으로 $2,157,970로 증액했습니다. 각 유닛은 $1.30에 가격이 책정되며, 하나의 보통주와 24개월 동안 $2.00에 행사 가능한 보증서로 구성됩니다. 보증서는 회사의 주가가 10일 연속으로 $3.00 이상으로 거래될 경우 가속화될 수 있습니다.
수익금은 일반 운영 자본과 회사의 HPQ 실리카 프로젝트 개발에 사용될 것입니다. CEO인 Brian Leeners는 주주들로부터 받은 지원에 대해 기쁨을 표했습니다. 이 자금 조달에는 회사 내부자들이 참여하며, 이는 MI 61-101에 따른 관련 거래를 구성하며, 회사는 평가와 소수 주주 승인 요구 사항의 면제를 의지하고 있습니다.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) a annoncé une augmentation de son financement par placement privé précédemment annoncé. La société a porté l'offre de 769 231 unités pour 1 000 000 $ à 1 659 977 unités pour 2 157 970 $. Chaque unité, au prix de 1,30 $, se compose d'une action ordinaire et d'un bon de souscription exerçable à 2,00 $ pendant 24 mois. Les bons de souscription peuvent être accélérés si les actions de la société se négocient à 3,00 $ ou plus pendant 10 jours de bourse consécutifs.
Les fonds seront utilisés pour le fonds de roulement général et pour le développement des projets de silice HPQ de la société. Le PDG Brian Leeners a exprimé sa satisfaction quant au soutien des actionnaires. Le financement comprend la participation d'insiders de l'entreprise, ce qui constitue une opération entre parties liées selon la MI 61-101, la société s'appuyant sur des exemptions aux exigences d'évaluation et d'approbation des actionnaires minoritaires.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) hat eine Erhöhung seiner zuvor angekündigten Privatplatzierungsfinanzierung bekannt gegeben. Das Unternehmen hat das Angebot von 769.231 Einheiten für 1.000.000 $ auf 1.659.977 Einheiten für 2.157.970 $ erhöht. Jede Einheit, die zu 1,30 $ angeboten wird, besteht aus einer Stammaktie und einem Warrant, der für 24 Monate zu 2,00 $ ausgeübt werden kann. Die Warrants unterliegen einer Beschleunigung, wenn die Aktien des Unternehmens 10 aufeinanderfolgende Handelstage bei oder über 3,00 $ gehandelt werden.
Die Erlöse werden für allgemeine Betriebsmittel und zur Entwicklung der HPQ-Silicaprojekte des Unternehmens verwendet. CEO Brian Leeners äußerte sich erfreut über die Unterstützung der Aktionäre. Die Finanzierung beinhaltet die Teilnahme von Unternehmensinsidern, was eine Transaktion zwischen nahestehenden Personen gemäß MI 61-101 darstellt, wobei das Unternehmen auf Ausnahmen von den Anforderungen an die Bewertung und die Genehmigung durch Minderheitsaktionäre zurückgreift.
- Increased financing from $1,000,000 to $2,157,970, indicating strong investor interest
- Warrants include an acceleration clause, potentially bringing in additional capital sooner
- Proceeds to be used for working capital and development of HPQ silica projects
- Insider participation in the offering, showing management confidence
- Potential dilution for existing shareholders due to the issuance of new shares
- Related party transaction may raise concerns about corporate governance
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that, further to the news release dated October 9, 2024, detailing a non-brokered private placement of up to 769,231 units for aggregate gross proceeds of up to
Each unit is priced at
Homerun Resources CEO Brian Leeners stated: "We are delighted with the immense support shown by new and existing shareholders for our recently announced financing. We will no longer be accepting subscriptions and will be working through the closing process immediately. Over the past 18 months, our team has executed the Company's communicated strategic plan with a focus on capital efficiency. This new capital will allow Homerun to achieve its near-term strategic initiatives and result in the continuing creation of value for the long-term shareholders of the Company."
Related Party Participation in the Offering
Certain insiders of the Company expect to participate in the Offering. The participation by insiders in the Offering constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities purchased by insiders, nor the consideration for the securities paid by such insiders, will exceed
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/226787
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