Homestake Resource Corporation Closes Final Tranche of Non-Brokered Private Placement

Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) closed the final tranche of its non-brokered private placement for gross proceeds of $75,000. A total of 500,000 units were issued at a price of $0.15 per unit.

As quoted in the press release:

Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of two years at a price of $0.20 per share. The Company closed the first tranche of the private placement on December 28, 2012 by issuing 4,852,500 flow through units at a price of $0.20 per unit and 4,012,334 non-flow through units at the price of $0.15 per unit to raise an aggregate of $1,572,350.

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