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Horizon Minerals Limited (ASX:HRZ)

ALERT: Price-sensitive ASX Announcement for HRZ
Current share price for HRZ : $0.940 0.02 (2.17%)+
Announcement
Release
17 Mar 2026 8:18AM
Price at Release
$0.920
Full Release
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Summary
Horizon Minerals Limited announced the results of their Share Purchase Plan (SPP), which concluded on March 10, 2026. The plan successfully raised approximately $4.65 million from eligible shareholders, following a prior $175 million placement. Shareholders in Australia and New Zealand were offered the opportunity to purchase new fully paid shares at $1.08 each. The SPP resulted in the issuance of 4,306,909 new shares, though it did not completely sell out, leaving a shortfall of roughly 4,925,350 shares. The company indicated it might place these remaining shares at its discretion, subject to compliance with ASX Listing Rules and shareholder approval at an upcoming meeting. The funds from the SPP will support the development of the Black Swan processing hub.
Key Points
  • Share Purchase Plan raised $4.65 million.
  • The SPP closed on March 10, 2026.
  • 4,306,909 new shares issued.
  • Shortfall of 4,925,350 shares.
  • Funds to aid Black Swan processing hub development.
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.