Homerun Resources Inc. announced a non-brokered private placement of up to 7.5 million units at a price of CAD 0.10 per unit for aggregate gross proceeds of up to CAD 750,000 on February 16, 2023. Each unit consisting of one common share of the company and one common share purchase warrant with each warrant being exercisable for an additional common share at an exercise price of CAD 0.20 for 24 months. The warrants will be subject to the right of the company to accelerate the exercise of the warrants if the shares of the company trade at or above CAD 0.50 for a period of 10 consecutive trading days.

The company may pay the finders' fees in accordance with TSX Venture Exchange policies. All securities issued pursuant to the financing will be subject to a four month hold period.