Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR; OTCQB: HMRFF) is pleased to provide an update on the status of its previously announced $6,000,000 proposed financing with a single institutional investor (the “Offering”).
Since announcing the Offering, the Company and the institutional investor have been engaged in an ongoing financing review process with the TSX Venture Exchange (the “TSXV”) regarding the structure and documentation of the transaction. Over the past several months, the Company has held detailed discussions with the TSXV to address the unique elements of the Offering, as it is the first of its kind on the TSXV. The Company believes that it is nearing the conclusion of this review and expects to receive TSXV approval for the Offering structure in the near term. A further news release will be issued upon receipt of conditional approval from the TSXV and with additional details regarding the closing process.
Brian Leeners, CEO of Homerun Resources stated, “This is a first of its kind financing on the TSXV. Approval of this innovative financing structure positions Homerun as the pioneer of new capital solutions on the TSXV and facilitates future growth and enhanced shareholder value. The level of interest for both our current financings from sophisticated professional investors further validates our business strategy and enables Homerun to accelerate Company development and achieve major operational and asset milestones and ties in with our announced plan to pursue a listing on the Main Market of the London Stock Exchange.”
The Company also reports, that further to its September 8, 2025 news release, the Company has several large subscribers for its $3 million, $1.00 unit private placement that have requested that the closing of the $6,000,000 institutional financing be a precedent and so the Company has requested and received approval from the TSXV to extend the closing of that financing to October 6, 2025. Both financings are anticipated to close fully subscribed near-term, subject to TSXV approval.
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Learn more about Homerun Resources at: HomerunResources.com