Homerun applies for conditional approval for financing

Executive Summary

• Homerun Resources Inc. has submitted a formal application for conditional approval from the TSX Venture Exchange for its previously announced $6-million institutional financing.
• The company’s $3-million unit private placement is oversubscribed, with units priced at $1.00 each.
• The closing of the $6-million institutional financing has been extended by 30 days to November 24, 2025, to allow it to serve as a precedent for the closing of the private placement.

Key Details

• Institutional Financing:
  • Amount: $6 million.
  • Investor: Single institutional investor.
  • Status: Formal application for conditional approval submitted to the TSX Venture Exchange; awaiting approval.
  • Closing Date: Extended to November 24, 2025 (standard 30-day extension).
• Private Placement:
  • Amount: $3 million.
  • Structure: Units priced at $1.00 per unit.
  • Status: Oversubscribed.
  • Closing Condition: Will close after the institutional financing closes, as subscribers requested the institutional deal be a precedent.
• Regulatory: Both financings are subject to TSX-V approval and are anticipated to close in the immediate term.

Notable Quotes

• "The company also reports, that further to its Oct. 6, 2025, news release, the company is oversubscribed for its $3-million unit private placement at $1.00."
• "Several subscribers have requested that the closing of the $6-million institutional financing be a precedent, and so the company has requested and received approval from the TSX Venture Exchange to extend the closing of that financing for a standard 30-day period to Nov. 24, 2025."