Mr. Brian Leeners reports
HOMERUN RESOURCES ANNOUNCES ENGAGEMENT OF RED CLOUD SECURITIES
Subject to regulatory approval, Homerun Resources Inc. has retained Red Cloud Securities to provide market-making services to the company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Red Cloud is a Toronto-based financial services company that provides assistance to mineral exploration and mining companies in accessing capital markets and enhancing their corporate profile. Red Cloud will trade shares of Homerun on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of Homerun's common shares.
Under the agreement, the company will pay Red Cloud $5,000 per month during the term, payable quarterly in advance. The term of engagement is continuing and may be terminated by either party on 30 days of prior written notice. The company and Red Cloud have an arm's-length relationship, but Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of Homerun. The agreement is principally for the purposes of maintaining market stability and liquidity for the company's common shares and is not a formal market making agreement. There are no performance factors contained in the agreement between Red Cloud and the company and Red Cloud will not receive any shares or options from the company as compensation for services it will render.
About Homerun Resources Inc.
Homerun Resources is focused on the exploration and development to production of minerals in the critical elements and energy metals sectors.
© 2024 Canjex Publishing Ltd. All rights reserved.