Homeland Energy Announces Process of Rights Offering

Homeland Energy Group Ltd. (TSX:HEG) advised shareholders on the process for participating in the Rights Offering previously announced June 2, 2010.

The press release is quoted as saying:

Each holder of record of Homeland common shares (“Common Shares”) as of the close of business on June 9, 2010 will receive one right (“Right”) for each Common Share held. A Shareholder will be entitled to acquire one additional Common Share at a price of $0.05 per Common Share (the “Subscription Price”) for every 1.7265 Rights held. For example, if a shareholder holds 100,000 Common Shares, he will receive 100,000 Rights and will have the right to subscribe for 57,920 Common Shares (the “Basic Subscription Privilege”). The Rights will expire at 5:00 p.m. (Toronto time) on June 30, 2010 (the “Expiry Time”).

Click here to access the entire press release

Click here to access Homeland Energy Group Ltd. Corporate Site