Homeland Uranium Closes $1 Million Private Placement Financing

Homeland Uranium reports that it has closed a non-brokered private placement of 1 million dollars.

The Board of Directors of HUI believes that the financing is in the best interest of the Company and has approved financing to a maximum of $1.1 million (i.e. an additional $100,000).

A finder’s fee of up to 5% payable in cash may be paid on a portion of the private placement to qualified finders.

The Company plans to use the proceeds of this financing for working capital purposes and to maintain and advance its uranium exploration projects in Niger.

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