Key Takeaways
- • Homerun Resources Inc. secured up to C$15 million in convertible security financing from The Lind Partners, structured as a C$2 million initial tranche with up to C$13 million in optional follow-on capital.
- • The initial tranche features a 24-month term with a six-month repayment holiday, fixed conversion price of C$0.66 (10% premium to pre-announcement market price), and 50% warrant coverage, providing near-term working capital flexibility.
- • Benchmark Company serves as exclusive placement agent and StoneX acts as non-exclusive financial advisor, positioning the financing as a bridge to larger-scale strategic capital and potential future senior exchange uplisting.
- • The convertible security structure minimizes immediate shareholder dilution while funding Homerun's broader vertical financing strategy and growth objectives.
Summary
Homerun Resources Inc. (TSXV: HMR; OTC: HMRFF) announced on July 8, 2026, a convertible security financing agreement with Lind Global Fund III, LP, managed by The Lind Partners, establishing up to C$15 million in total available capital. The financing consists of an immediate C$2 million initial tranche at closing and conditional access to an additional C$13 million in follow-on investments, subject to mutual agreement and regulatory approvals.
The initial tranche carries a face value of C$2.2 million, comprised of C$2 million in principal plus C$200,000 of pre-paid interest. The convertible security has a 24-month maturity with a six-month repayment holiday followed by monthly repayments. The fixed conversion price of C$0.66 represents a 10% premium to the pre-announcement market price, with 50% warrant coverage attached to the initial tranche. This structure balances investor protection with shareholder interest preservation.
Benchmark Company was engaged as exclusive placement agent for the transaction, while StoneX was retained as non-exclusive financial advisor to Homerun. The company characterized the financing as a bridge mechanism to access larger-scale strategic capital solutions while minimizing shareholder dilution. Management indicated the funding would provide working capital during advancement of the company's vertical financing strategy and support growth objectives, including evaluation of a potential future uplisting to a senior exchange.
The convertible security structure provides strategic flexibility for Homerun to pursue larger capital transactions and senior exchange opportunities without immediate full dilution to existing shareholders. The six-month repayment holiday allows the company operational runway before servicing obligations commence.
The initial tranche carries a face value of C$2.2 million, comprised of C$2 million in principal plus C$200,000 of pre-paid interest. The convertible security has a 24-month maturity with a six-month repayment holiday followed by monthly repayments. The fixed conversion price of C$0.66 represents a 10% premium to the pre-announcement market price, with 50% warrant coverage attached to the initial tranche. This structure balances investor protection with shareholder interest preservation.
Benchmark Company was engaged as exclusive placement agent for the transaction, while StoneX was retained as non-exclusive financial advisor to Homerun. The company characterized the financing as a bridge mechanism to access larger-scale strategic capital solutions while minimizing shareholder dilution. Management indicated the funding would provide working capital during advancement of the company's vertical financing strategy and support growth objectives, including evaluation of a potential future uplisting to a senior exchange.
The convertible security structure provides strategic flexibility for Homerun to pursue larger capital transactions and senior exchange opportunities without immediate full dilution to existing shareholders. The six-month repayment holiday allows the company operational runway before servicing obligations commence.
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