Homerun Resources Inc. Announces up to $15 Million Convertible Security Financing with Lind Partners Under Engagements with Benchmark/Stonex

July 9, 2026 - 10:53

Homerun Resources Inc. has announced a new financing agreement with The Lind Partners, securing up to $15 million through a convertible security structure. The deal includes an initial tranche of $2.0 million, with the potential for an additional $13.0 million in optional follow-on capital.

The initial tranche carries a 24-month term, featuring a six-month repayment holiday before monthly repayments begin. The conversion price is fixed at $0.66 per share, representing a 10% premium to the market price before the announcement. the initial tranche includes 50% warrant coverage.

Company leadership highlighted that the structure is designed to provide flexibility for a future senior exchange uplisting and related strategic financings. The arrangement allows Homerun to access capital in stages, rather than taking the full amount upfront, which can help manage dilution and align funding with specific milestones.

The financing is expected to support the company's ongoing projects and growth initiatives. Benchmark has been engaged as the exclusive advisor for the transaction. The deal marks a significant capital injection for Homerun Resources as it looks to advance its operations and pursue listing on a more senior exchange.