PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424 (b) (5)
(to Prospectus dated March 30, 2000) Registration No. 333-32586
579,710 Shares
HomeSeekers.com, Incorporated
Common Stock
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We are offering all of the 579,710 shares of our common stock being
offered by this prospectus. Our common stock is quoted on The Nasdaq
SmallCapMarket under the symbol "HMSK." On May 17, 2000, the last reported sale
price of the common stock as reported on The Nasdaq SmallCapMarket was $ 3.81
per share.
AIG, LLC has agreed to purchase 579,710 shares of our common stock for
an aggregate purchase price of approximately $2.0 million, resulting in total
proceeds to us of approximately $2.0 million, before deducting expenses payable
by us, estimated to be approximately $5,000. We expect to deliver the shares
against payment in Reno, Nevada on May 19, 2000.
The date of this prospectus supplement is May 17, 2000.
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We have not authorized any other person to provide you with any
information or to make any representations not contained in this prospectus
supplement or the attached prospectus. If anyone provides you with different or
inconsistent information, you should not rely on it. We are not making an offer
of any securities other than the 579,710 shares of our common stock. This
prospectus supplement is part of, and you must read it in addition to, the
attached prospectus dated March 30, 2000. You should assume that the information
appearing in this prospectus supplement and the attached prospectus, as well as
the information incorporated by reference, is accurate as of the date in the
front cover of this prospectus supplement only.
The distribution of this prospectus supplement and the attached
prospectus, and the offering of the common stock, may be restricted by law in
some jurisdictions. You should inform yourself about, and observe, any of these
restrictions. This prospectus supplement and the attached prospectus do not
constitute, and may not be used in connection with, an offer or solicitation by
anyone in any jurisdiction in which the offer or solicitation is not authorized
nor in which the person making the offer or solicitation is not qualified to do
so, or to any person to whom it is unlawful to make the offer or solicitation.
USE OF PROCEEDS
We estimate that we will receive net proceeds from the sale of the
common stock offered by us, after deducting estimated offering expenses of
approximately $5,000, of approximately $1.995 million. We intend to use all of
the net proceeds from this sale of common stock to fund general corporate
purposes.
PLAN OF DISTRIBUTION
Subject to the terms and conditions set forth in a subscription
agreement dated May 17, 2000, we have agreed to sell to AIG, LLC, and AIG, LLC
has agreed to purchase from us, 579,710 shares of common stock. The subscription
agreement provides that AIG, LLC will be obligated to purchase all of the common
stock if any are purchased.
AIG, LLC is not affiliated with American International Group, Inc.
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