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Financings

Homerun receives $189,665 settlement from Sorbie

By The Northwire Desk — AI Analysis Mar 19, 2026 · 16:36 HMR · 0.84 Homerun Resources Inc.
HMR · Price

Executive Summary

  • Homerun Resources Inc. reported its fourth monthly settlement under the $6 million Sorbie Sharing Agreement, receiving gross proceeds of $189,665.83.
  • The settlement reflects an effective share price of $0.7046 (88.08‑cent transaction price) and resulted in the release of 269,167 shares from escrow.
  • Additionally, the company issued 186,667 warrants at an exercise price of $1.06, expiring on March 11 2029.

Key Details

  • Settlement date: March 10 2026 (fourth settlement since the financing was announced on Dec. 8 2025).
  • Gross proceeds received: $189,665.83.
  • Transaction price per share under the sharing agreement: $0.8808; effective price per share after adjustments: $0.7046.
  • Shares released from escrow agent: 269,167 shares.
  • Warrants issued from treasury: 186,667 warrants with an exercise price of $1.06 per warrant.
  • Warrant expiration date: March 11 2029.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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