Homeland Energy Group Ltd.
NEX BOARD : HEG.H

Homeland Energy Group Ltd.

December 08, 2014 08:00 ET

Homeland Energy Group Announces Forgiveness of Debt by GMR Energy Group Ltd.

TORONTO, CANADA--(Marketwired - Dec. 8, 2014) - Homeland Energy Group Ltd. (NEX:HEG.H) ("Homeland" or the "Company") wishes to announces that its controlling shareholder, GMR Energy Group Ltd. ("GMR") has agreed to forgive all outstanding debt owed by the Company to GMR. The outstanding principal balance was US$36.65 million as of December 1, 2014. The debt forgiveness is subject to approval from the Reserve Bank of India which is in the process of being obtained.

Homeland Energy Group Ltd. (NEX:HEG.H) is a company seeking out interests.. Homeland Energy Group Ltd. is currently traded on the NEX under the symbol "HEG.H" with 472,204,149 common shares issued and outstanding. www.homelandenergygroup.com

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