Homeland Uranium Inc. announced that it has received CAD 0.43 million in funding from St Peter Port Investment Management Ltd. and other investors.
On the same day the company issued 80,000,000 units for gross proceeds of CAD 400,000 in its first tranche. St Peter Port Capital Limited purchased 50,000,000 units. The completion of a second tranche may occur by March 31, 2013. No finder's fees were paid in conjunction with first tranche.
In February 2013, Homeland Uranium Inc. closed the transaction. The company issued 85,000,000 units for gross proceed sof CAD 425,000 in the transaction.