Published on 12/7/2009 in the Prospect News PIPE Daily.
New Issue: Homeland Energy seals C$1.92 million stock placement with GMR Energy
By Devika Patel
Knoxville, Tenn., Dec. 7 - Homeland Energy Group Ltd. said it has completed a C$1.92 million private placement of stock.
The company sold 27,465,068 common shares at C$0.07 apiece to GMR Energy Ltd.
Based in Toronto, Homeland Energy is a coal producing company focused on energy exploration and development in Southern Africa.
| Issuer: | Homeland Energy Group Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1,922,555
|
| Shares: | 27,465,068
|
| Price: | C$0.07
|
| Warrants: | No
|
| Investor: | GMR Energy Ltd.
|
| Settlement date: | Dec. 7
|
| Stock symbol: | Toronto: HEG
|
| Stock price: | C$0.07 at close Dec. 4
|
| Market capitalization: | C$20.6 million
|
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