Wednesday, February 27, 2008

Homeland Energy Corporation

Industry: Mining

Main business locations: South Africa

Registered address:
c/o Craigmuir Chambers
Post Office Box 71
Road Town, Tortola
British Virgin Islands

Incorporation year: 2004

Listed on: private company (soon to be public on TSX).

Financial highlights (2007 9m):
Total Assets: CAD 27,716,000
Total common shares: 32,629,780
Net loss: CAD 3,910,000
Net loss per share: CAD 0.15
(the company currently invests in exploration)

About the BVI Company:

Homeland Energy Corp. is a private (soon to be public) company focused on energy exploration and development in Southern Africa. The main projects developed by the company at the current moment are three coal properties in the provinces of Mpumalanga and Kwa-Zulu Natal.

The BVI company is also planning to acquire interests in a number of additional coal properties in eastern South Africa and some neighbouring countries, including Botswana and Swaziland, and owns a significant stake (39%) in Homeland Uranium Inc., a Canadian uranium exploration and development company with uranium exploration activities in Niger and the United States. Homeland also has interest in long-term energy production and development of uranium projects in the United States (Colorado).

After the completion of a reverse take over of TSX Venture Exchange listed Chrysalis Capital Corporation IV, Homeland Energy Corp. is expected to change its name to Homeland Energy Group Ltd. and start trading on the TSX in March 2008.

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