Homeland Resources Initiates Review of Business Model and Strategy

Homeland Resources Initiates Review of Business Model and Strategy

ALBUQUERQUE, NM, United States, via eTeligis Inc., 05/12/2014 - - Homeland Resources Ltd. (OTCQB: HMLA), announces that it has initiated a process to review the Company's existing business plan and to identify, examine and consider all strategies available to the company, both near and long term, in order to prudently determine the optimal course of action for the Company.

The nominal success Homeland and its partners have realized through participation in the drilling program at Liberty Ridge Oil and Gas Project has prompted this review. At this time the Company has not identified a new direction, and no specific potential transactions are in place, nor is there any assurance that a new project and or financing arrangement will be concluded in the future. Management intends to evaluate potential opportunities and new projects in a variety of sectors in order to determine if the Company and its existing shareholders will be best served by adopting a new business model.

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#Homeland_Resources_Ltd #eteligis.com

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