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Horizon Minerals Ltd ( (AU:HRZ) ) just unveiled an announcement.
Horizon Minerals Ltd has announced the issuance of 49,215,850 fully paid ordinary shares to Nebari Gold Fund 1, LP at a price of $0.04 per share. This issuance serves as the final repayment of a Convertible Loan Facility approved by shareholders in 2022, marking the full repayment of the principal amount. Additionally, the company issued 51,378 shares following the exercise of unlisted options. These actions reflect Horizon’s compliance with relevant corporate regulations and signify a strategic financial maneuver to strengthen its capital structure.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is a company listed on the Australian Securities Exchange (ASX: HRZ) that operates in the mining industry. The company focuses on the exploration and development of mineral resources, primarily gold, within Australia.
Average Trading Volume: 9,981,098
Technical Sentiment Signal: Sell
Current Market Cap: A$161.7M
For a thorough assessment of HRZ stock, go to TipRanks’ Stock Analysis page.