Homerun Resources Inc. Announces Closing of Initial Tranche of Convertible Security Financing with the Lind Partners Under Engagements with Benchmark/StoneX
Rhea-AI Summary
Homerun Resources (OTCQB: HMRFF, TSXV: HMR) closed an initial C$2,000,000 tranche under a convertible security funding agreement with Lind Global Fund III, the first portion of up to C$13,000,000 in potential follow-on investments, subject to mutual agreement and approvals. The 24‑month convertible security has a C$2,200,000 face value (including C$200,000 pre-paid interest), is senior secured over Homerun’s assets and subsidiary shares, and carries a six‑month repayment holiday followed by monthly cash repayments of C$111,111 from months 7–24.
Lind may convert principal at a fixed price of C$0.66 (110% of the pre‑announcement market close) and received 1,850,000 warrants at C$0.66. Homerun pays a C$80,000 closing fee to Lind and a $140,000 cash fee plus 233,333 shares to Benchmark, which acted as exclusive placement agent. Homerun also entered into a non‑exclusive advisory relationship with StoneX to evaluate strategic financing alternatives and support a potential future uplisting to a senior U.S. exchange.
Positive
- C$2,000,000 initial funding secured for near-term working capital
- Potential follow-on investments up to C$13,000,000 under CSFA, subject to agreement
- Fixed conversion price at C$0.66, a 110% premium to pre-announcement close
- Six-month repayment holiday before monthly principal repayments of C$111,111
- Lind warrant coverage of 1,850,000 shares at C$0.66 adds committed capital partner
- Advisory and placement relationships established with Benchmark and StoneX for future financings
Negative
- Convertible security is senior secured against Homerun assets and subsidiary shares
- Face value exceeds cash proceeds by C$200,000 of pre-paid interest
- Benchmark to receive $140,000 cash fee plus 233,333 shares (7% of gross proceeds)
- Additional interest of 10% per annum on outstanding principal after first anniversary
- Potential shareholder dilution from 1,850,000 warrants and possible share-settled interest
- Mandatory monthly repayments of C$111,111 from months 7–24 may pressure cash flow
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2026) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that, further to its July 8, 2026 and August 14, 2026 news releases, it has closed the initial C
The Initial Tranche funding will provide near-term working capital as Homerun advances its broader vertical financing strategy, including larger-scale capital solutions in support of its growth objectives. Under the CSFA, the convertible security issued in respect of the Initial Tranche has a 24-month term and a face value of C
Following the expiry of the applicable four-month and one-day statutory hold period, the Company will have a one-time buy-back right to repurchase the outstanding principal and pre-paid interest of the convertible security issued pursuant to the Initial Tranche at a
The Initial Tranche convertible security is senior secured by a general security agreement over the assets of Homerun and a pledge of shares in respect of Homerun's active subsidiaries. The CSFA also provides for a six-month repayment holiday, followed by monthly cash repayments of C
The CSFA provides Lind with a right to convert any portion of the outstanding principal amount of the Initial Tranche into common shares of the Company at a fixed conversion price of C
The
The Initial Tranche of C
This convertible security has been provided under an engagement with The Benchmark Company, LLC ("Benchmark"), a subsidiary of StoneX Group, pursuant to which Benchmark acted as the exclusive placement agent. In consideration for its services, the Company has agreed to pay Benchmark a cash fee of
The Benchmark engagement also includes a customary 12-month tail with respect to future financings completed with investors introduced by Benchmark during the engagement term, provided the applicable conditions in the engagement letter are satisfied. In addition, for a period of 12 months following execution of the engagement, the Company has granted Benchmark a right of first refusal / right of participation to act as lead or joint-lead investment banker, book-runner and/or placement agent in connection with a potential initial public offering or similar listing transaction, subject to the terms of the Benchmark engagement.
In connection with this financing and the Company's broader capital markets strategy, Homerun has signed a non-exclusive financial advisory relationship with StoneX. StoneX is assisting the Company in evaluating and pursuing strategic financing alternatives supporting Homerun's long-term objective of pursuing an eventual uplisting to a senior U.S. exchange. There can be no assurance that such uplisting will occur.
The Company sees the Lind financing, together with the relationships with Benchmark and StoneX, as a complimentary to its strategic financing plan while seeking to limit near-term dilution for shareholders through a fixed-premium conversion structure, a reduced initial funding size, a six-month repayment holiday and the
Brian Leeners, Chief Executive Officer of Homerun, stated: "This financing and the investment banking partnerships with both Benchmark and StoneX provide Homerun with near-term working capital while preserving flexibility as we advance discussions around larger-scale strategic and institutional funding initiatives. We view this as a bridge to broader financing opportunities that supports our long-term growth objectives and uplisting plans, while seeking to manage dilution for our existing shareholder base."
All securities issued in connection with the financing will be subject to applicable securities laws and the policies of the TSXV, including the applicable four month and one day hold period.
The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction.
About The Lind Partners
The Lind Partners manages institutional funds that invest in small-cap and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind's multi-strategy funds make direct investments up to US
About Benchmark
The Benchmark Company, LLC is a full-service, institutionally focused investment banking and brokerage firm. Headquartered in New York City (with additional operations across the US) and founded in 1988, the firm provides global market access, corporate finance, equity research, and institutional sales and trading services. In August 2025, Benchmark was acquired by the global financial services firm StoneX Group Inc.
About StoneX
StoneX Group Inc. (NASDAQ: SNEX) is a publicly traded, institutional-grade financial services company. It provides commercial, institutional, and retail clients worldwide with market access, clearing and execution services, and risk management tools across a wide variety of financial markets.
About Homerun (www.homerunresources.com / www.homerunenergy.com)
Homerun is building the silica-powered backbone of the energy and technology transitions across multiple focused verticals: High Purity Silica and Advanced Silica Materials, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in the Silica Valley of Bahia, Brazil, Homerun is transforming raw silica sand into essential materials, products and technologies that accelerate clean energy and technology solutions and deliver durable shareholder value.
- Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy and technology materials.
- Solar: Development of the first dedicated 1,000 tonne per day high-efficiency solar glass plant in the Americas and the commercialization of extra-clear, antimony-free solar glass designed for next-generation photovoltaic performance.
- Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
- Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.
With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy and technology solutions in the Americas.
On behalf of the Board of Directors of
Homerun Resources Inc.
"Brian Leeners"
Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)
Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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