Deal sells 1.5 million units of one share, a warrant at $0.12 per unit
By Devika Patel
Knoxville, Tenn., April 2 – Homeland Resources Ltd. completed a $180,000 private placement of units on March 27, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1.5 million units of one common share and one warrant at $0.12 per unit.
Each warrant is exercisable until March 27, 2016 at $0.25, a 177.78% premium to the March 26 closing share price of $0.09.
The oil and gas exploration company is based in Las Vegas.
| Issuer: | Homeland Resources Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $180,000
|
| Units: | 1.5 million
|
| Price: | $0.12
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | March 27, 2016
|
| Warrant strike price: | $0.25
|
| Announcement date: | April 1
|
| Settlement dates: | March 27
|
| Stock symbol: | OTCBB: HMLA
|
| Stock price: | $0.09 at close March 26
|
| Market capitalization: | $2.61 million
|
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