- Homerun Resources (HMR) announced a non-brokered private placement for gross proceeds of up to $2,000,000
- The company will issue up to twenty million units at 10 cents per unit
- Proceeds raised from the financing will be used for project payments, exploration and working capital
- The company holds an option to acquire 100 per cent of the 3,019-hectare (7,460 acres) Tatooine Silica Project in B.C.
- Homerun Resources Inc. (HMR) opened trading at C$0.10
Homerun Resources (HMR) announced a non-brokered private placement for gross proceeds of up to $2,000,000.
The financing will consist of up to twenty million units priced at 10 cents per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable for an additional common share at an exercise price of 20 cents for 12 months.
Warrants are subject to an acceleration clause.
Proceeds raised from the financing will be used for project payments, exploration and working capital.
Homerun Resources is focused on the exploration and development of minerals in the critical elements and energy metals sectors. The company holds an option to acquire 100 per cent of the 3,019-hectare (7,460 acres) Tatooine Silica Project, located near Brisco, British Columbia.
Homerun Resources Inc. (HMR) opened trading at C$0.10.
