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Homerun Resources Inc. Files for Closing of $1 Million Private Placement

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Homerun Resources Inc. has filed for the closing of a $1 million private placement financing, consisting of 2,001,300 units for aggregate gross proceeds. The financing includes common shares and warrants with specific exercise terms. Insiders are subscribing to a portion of the financing, subject to related party transaction rules. The Company will pay finders' fees as per Exchange policies.
Homerun Resources Inc. ha presentato una richiesta per la chiusura di un finanziamento tramite collocamento privato di 1 milione di dollari, che comprende 2.001.300 unità per un incasso lordo totale. Il finanziamento include azioni ordinarie e warrant con termini di esercizio specifici. Gli insider parteciperanno a una parte del finanziamento, in conformità alle regole sulle transazioni tra parti correlate. La società pagherà le commissioni ai procacciatori secondo le politiche della Borsa.
Homerun Resources Inc. ha solicitado el cierre de una financiación mediante colocación privada de 1 millón de dólares, que consta de 2.001.300 unidades para ingresos brutos agregados. La financiación incluye acciones comunes y warrants con términos de ejercicio específicos. Los insiders se suscribirán a una parte de la financiación, sujeto a las reglas de transacciones con partes relacionadas. La empresa pagará honorarios a los intermediarios conforme a las políticas del Mercado de Valores.
Homerun Resources Inc.는 총 공모액 2,001,300 유닛을 포함하는 100만 달러 규모의 사모 플레이스먼트 자금 마감을 위한 신청서를 제출했습니다. 이 자금 조달에는 특정 행사 조건이 명시된 보통주와 워런트가 포함되어 있습니다. 내부자들은 관련 당사자 거래 규정에 따라 자금의 일부를 구독할 예정입니다. 회사는 거래소 정책에 따라 찾기 수수료를 지급할 것입니다.
Homerun Resources Inc. a déposé pour fermer un financement par placement privé de 1 million de dollars, comprenant 2.001.300 unités pour un produit brut total. Le financement comprend des actions ordinaires et des bons de souscription avec des termes d'exercice spécifiques. Des initiés souscriront à une partie du financement, sous réserve des règles relatives aux transactions entre parties liées. La société paiera des commissions aux trouveurs conformément aux politiques de la Bourse.
Homerun Resources Inc. hat die Schließung einer privaten Platzierung in Höhe von 1 Million Dollar beantragt, die aus 2.001.300 Einheiten für den gesamten Bruttoerlös besteht. Die Finanzierung beinhaltet Stammaktien und Optionsscheine mit spezifischen Ausübungsbedingungen. Insider werden sich gemäß den Regeln für Transaktionen mit nahestehenden Personen an einem Teil der Finanzierung beteiligen. Das Unternehmen wird gemäß den Richtlinien der Börse Vermittlungsgebühren zahlen.
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Vancouver, British Columbia--(Newsfile Corp. - April 23, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has filed documents with the TSX Venture Exchange seeking approval to close its private placement financing (the "Financing") for aggregate gross proceeds of $1,000,650. The Financing consists of 2,001,300 units (the "Units"), 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 $0.75 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 $1.50 for 10 consecutive trading days.

There are (3) insiders subscribing to the Financing for $100,000 or 400,000 Units, that portion of the Financing a "related party transaction" as such term is defined under MI 61-101 - Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization. All securities issued pursuant to the Financing will be subject to a four-month and one-day hold period. In connection with the Financing, the Company will pay cash finders' fees as permitted by the policies of the TSX Venture Exchange (the "Exchange").

About Homerun Resources

Homerun Resources is focused on the development of its business within the critical and energy materials sectors. With a steadfast commitment to operational excellence, sustainability, and building shareholder value, Homerun Resources Inc. is poised to make a lasting impact in these industries.

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/206522

FAQ

What is the total amount for Homerun Resources Inc.'s private placement financing?

Homerun Resources Inc. has filed for a $1 million private placement financing.

How many units are included in the financing?

The financing consists of 2,001,300 units.

What do the units in the financing include?

Each unit includes one common share of the Company and one common share purchase warrant.

What is the exercise price for the warrants included in the financing?

Each warrant is exercisable for one additional common share at an exercise price of $0.75 for 24 months.

Who are subscribing to the financing as insiders?

Three insiders are subscribing to the financing for $100,000 or 400,000 units.

What is the hold period for the securities issued in the financing?

All securities issued will be subject to a four-month and one-day hold period.

HOMERUN RES INC

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