Homestake Resource Announces Non-Flow Through Financing

Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) announced a non-flow-through private placement at a price of $0.05 per unit for gross proceeds of $1,200,000.

As quoted in the press release:

Each unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share at an exercise price of $0.05 for a period of 3 years.

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