Homerun Resources Inc. announced a non-brokered private placement of 2,000,000 flow-through units at a price of CAD 0.2 per flow-through unit for gross proceeds of CAD 400,000 and 4,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 600,000; for aggregate gross proceeds of CAD 1,000,000 on September 12, 2022. Each flow-through unit consists of one common share and one common share purchase warrant. Each unit consists of one common share and one common share purchase warrant.

Each flow-through unit warrant can be exercised to acquire one common share at a price of CAD 0.3 per share for a period of one year from the date of closing. Each unit warrant can be exercised to acquire one common share at a price of CAD 0.25 per share for a period of one year from the date of closing. The securities are subject to four months hold period.

The company may pay finders' fees in the transaction.