Homestake Closes $50,000 Private Placement

Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) closed its previously announced flow-through private placement by issuing 1,000,000 flow-through units at a price of $0.05 per flow-through unit for proceeds of $50,000.

As quoted in the press release:

Each flow-through unit consists of one flow-through share and a half warrant, with each whole warrant exercisable to purchase an additional common share at an exercise price of $0.10 for a period of 18 months. All securities issued in this financing include a legend restricting trading of the securities until May 1, 2014. Finder’s fees may be payable. The private placement is subject to TSX Venture Exchange acceptance.

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