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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.
Click here to read the Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) press release
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