Homestake Announces Financing for Exploration Program on Kinskutch Property

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Homestake Resource Corporation (HSR.V) announced financing for its 2012 Kinskuch exploration program. The proposed offering shall be on a non-brokered basis, consisting of a maximum of two million flow-through common shares priced at $0.30 to raise gross proceeds of $600,000, and a maximum of four million units priced at $0.30 for gross proceeds of $1.2 million.

The proceeds from the common shares will be used for exploration expenses at the company's Kinskuch project in British Columbia. The proceeds from the non-flow through private placement will be utilized for working capital.

HSR shares were down 3.5 cents at $0.41.



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This article appears in: Investing , Commodities

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