Homerun Resources Inc. Financings Update

Rhea-AI Summary

Homerun Resources (OTCQB: HMRFF / TSXV: HMR) submitted a formal application for conditional approval of a $6.0 million institutional financing and is awaiting conditional TSX Venture Exchange approval. The company also reports an oversubscribed $3.0 million unit private placement priced at $1.00 per unit.

The $3.0M financing will close after the $6.0M institutional financing; the company received TSX-V approval to extend the institutional financing closing by 30 days to November 24, 2025. Both financings are anticipated to close in the immediate term, subject to TSX-V approval.

Positive

• $6.0M institutional financing application submitted
• $3.0M unit private placement is oversubscribed at $1.00 per unit
• TSX-V approved 30-day extension to close institutional financing to Nov 24, 2025

Negative

• Combined financings total $9.0M, creating potential shareholder dilution
• Closing of both financings remains subject to TSX-V conditional approval

Vancouver, British Columbia--(Newsfile Corp. - October 24, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") announces that the Company has submitted its formal application for conditional approval of the previously announced $6-million financing with a single institutional investor. The Company is now awaiting conditional approval from the TSX Venture Exchange.

The Company also reports, that further to its October 6, 2025, news release, the Company is oversubscribed for its $3-million unit private placement at $1.00. This financing will close after the above financing, as several subscribers have requested that the closing of the $6-million institutional financing be a precedent, and so the Company has requested and received approval from the TSX Venture Exchange to extend the closing of that financing for a standard 30-day period to November 24, 2025.

Both financings are anticipated to close in the immediate term, subject to TSX-V approval.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271921

FAQ

What financings did Homerun Resources (HMRFF) announce on October 24, 2025?

Homerun disclosed a formal application for a $6.0M institutional financing and an oversubscribed $3.0M unit private placement at $1.00 per unit.

When is the extended closing date for the HMR institutional financing?

The TSX Venture Exchange approved a 30-day extension, moving the institutional financing closing to November 24, 2025.

Will both Homerun financings close immediately for HMRFF shareholders?

Both financings are anticipated to close in the immediate term but are subject to TSX-V conditional approval.

How much total capital will Homerun raise if both financings close?

If both close as announced, Homerun would raise a combined total of $9.0 million.

Does the October 24, 2025 release confirm funds have been received by HMRFF?

No; the release states the company has submitted the application and both financings remain subject to TSX-V approval before closing.

What is the investor implication of the oversubscribed $3.0M unit placement for HMRFF?

Oversubscription indicates strong demand, but it may also increase the dilution impact if the placement closes as announced.