Horizon Minerals Limited announced that it has entered into a binding term sheet with Nebari Partners Llc for a private placement of senior secured convertible loan credit facility for proceeds of $5 million on October 18, 2022. The funding will be raised in two tranches with $2 million in first tranche and $3 million in second tranche. The transaction is subject to conditions precedent typical for a transaction of this nature including, but not limited to, final documentation and Horizon obtaining prior shareholder approval which will be sought at the upcoming Annual General Meeting in November 2022.
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May. 06 | Horizon Minerals Signs Agreement with Paddington Gold to Treat Ore from Boorara Project | MT |
May. 01 | Greenstone Resources to Vote on Horizon Minerals Takeover on May 31 | MT |
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+5.19% | 8.36B |
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- Horizon Minerals Limited announced that it expects to receive $5 million in funding from Nebari Partners Llc