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Horizon Gold Limited (ASX:HRN)

ALERT: Price-sensitive ASX Announcement for HRN
Current share price for HRN : $1.100 -0.18 (-14.06%)+
Announcement
Release
2 Apr 2026 9:16AM
Price at Release
$1.280
Full Release
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Summary
Horizon Gold Limited successfully closed its entitlement issue on March 26, 2026, raising approximately $10.2 million before costs. The offer saw an 85% take-up, with 7,246,810 shares accepted, generating $8,696,172. The shortfall of 1,235,205 shares was fully placed, raising an additional $1,482,246. New shares were issued on April 2, 2026, and the shortfall shares are expected to settle by April 7, 2026. The process was confirmed by the company's board, reflecting strong shareholder support.
Key Points
  • Horizon Gold Limited closed its recent entitlement issue on March 26, 2026.
  • The entitlement issue was aimed at raising approximately $10.2 million.
  • A total of 7,246,810 new shares were accepted, representing 85% of the entitlement offer.
  • The company raised $8,696,172 from these acceptances.
  • All shortfall shares have been placed, with commitments received for 1,235,205 shares.
  • The shortfall shares raised an additional $1,482,246.
  • New shares are issued on April 2, 2026, and shortfall shares are expected to settle on April 7, 2026.
  • The announcement was authorized by the Board of HRN.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.