Homerun nears TSX-V approval for $6-million financing

Executive Summary

• Homerun Resources reports progress on its previously announced $6 million financing with a single institutional investor, pending TSX‑V approval of the novel transaction structure.
• The company has also secured an extension to close its $3 million private placement (units at $1.00) to October 6, 2025, linking it to the institutional financing.
• Both financings are expected to be fully subscribed and close in the near term, subject to regulatory approval.

Key Details

• The $6 million financing is a “first‑of‑its‑kind” structure on the TSX Venture Exchange; the company is awaiting conditional approval from the exchange.
• Upon receipt of TSX‑V approval, Homerun will issue a further news release with detailed closing information.
• A prior private placement announced on September 8, 2025 for $3 million at $1.00 per unit has attracted large subscriber interest; the company obtained TSX‑V consent to extend its closing deadline to October 6, 2025.
• Both the institutional financing and the private placement are anticipated to close fully subscribed, contingent on regulatory approval.

Notable Quotes

“This is a first of its kind financing on the TSX‑V. Approval of this innovative financing structure positions Homerun as the pioneer of new capital solutions on the TSX‑V and facilitates future growth and enhanced shareholder value.” – Brian Leeners, CEO, Homerun Resources Inc.