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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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Homestake Resource Corp announces private placement

Friday, 27 Dec 2013 02:50pm EST 

Homestake Resource Corp:Says it plans to issue up to 24,000,000 units in a non-flow-through private placement at a price of $0.05 per unit for gross proceeds of $1,200,000.Says each unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share at an exercise price of $0.05 for a period of three years.Says proceeds from the non-flow-through private placement will be added to general working capital.Says Homestake also plans to issue 1,000,000 flow-through units to Canadian resident investors at a price of $0.05 per flow-through unit for proceeds of $50,000.Says each flow-through unit consists of one flow-through share and a half warrant, with each whole warrant exercisable to purchase on additional common share at an exercise price of $0.10 for a period of 18 months.Says net proceeds from the flow-through private placement will be used for eligible Canadian exploration expenses incurred on the 645 square kilometre Kinskuch project located in northwestern British Columbia. 

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16 Apr 2014