Homerun Resources Inc. Announces Private Placement Increase

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, the Company will now issue 1,675,054 units (the “Units”), for aggregate gross proceeds of $2,177,570.

Each Unit consists of one common share of the Company and one common share purchase warrant (a “Warrant”). The Warrant is exercisable for one additional common share of the Company at an exercise price of $2.00 for 24 months from the date of issue.

The Company retains the right 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.

Impact on Me

As an investor, the increase in the private placement by Homerun Resources Inc. could present an opportunity for potential returns on investment. With the additional units being issued, there may be increased interest and activity surrounding the Company’s stock.

Impact on the World

This private placement increase by Homerun Resources Inc. could have ripple effects in the financial world. It may indicate confidence in the company’s growth prospects, which could attract more investors and positively impact the overall market sentiment.

Conclusion

The announcement of the private placement increase by Homerun Resources Inc. signifies a significant development in the company’s financial strategy. The additional units being issued could have both individual and global implications, paving the way for potential opportunities and growth in the market.