Horizon Minerals Corp. (OTCPK:HZNM) announced a private placement of 500,000 units at a price of $0.50 per unit for gross proceeds of $250,000 on November 6, 2014. Each unit consists of one common share and one common share purchase warrant.

Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of $0.75 per common share for a period of one year.