Homerun Resources closes C$ 2 million convertible financing tranche with Lind Partners

Reuters2026/08/17 21:03

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Homerun closed a CAD 2 million initial tranche under a convertible security funding agreement with Lind Global Fund III.
Structure carries a 24-month term with CAD 2.2 million face value, including CAD 200,000 pre-paid interest.
Benchmark acted as exclusive placement agent; cash fee CAD 140,000, issued 233,333 shares at CAD 0.6.
Conversion right set at a fixed CAD 0.66 per share; monthly cash repayments begin in month 7.
Lind received warrants for 1,850,000 shares at CAD 0.66; follow-on investments of up to CAD 13 million remain possible.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Homerun Resources Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608171702NEWSFILECNPR____20260817_310077_1) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Homerun Resources closes C$ 2 million convertible financing tranche with Lind Partners

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