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HORIZON PETROLEUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS TO A STRATEGIC INVESTOR
HORIZON PETROLEUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS TO A STRATEGIC INVESTOR ...
About this update from Horizon Petroleum Ltd.
[{"type":"text","content":"\n\n\n\n HORIZON PETROLEUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS TO A STRATEGIC INVESTOR\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRES/\n \n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Jan. 10, 2025\n \n\n /CNW/ - Horizon Petroleum Ltd. (TSXV: HPL).\n \n\n\n\n\n\n\n\n\n Horizon Petroleum Ltd. (\"Horizon\" or the \"Company\") is ‎pleased to announce it intends to complete a private placement of Units, (\"Private Placement\") with a strategic investor.  ‎\n \n\n The Company intends to issue 1,538,500 Units at a price of\n \n CAD$0.13\n \n for gross ‎proceeds of ‎‎CAD\n \n $200,005\n \n . The Units comprise: (i) one common share in the capital of the Company ‎‎‎(\"Common Share\"), and (ii) one transferable share purchase ‎‎warrant entitling the holder ‎‎thereof to ‎‎acquire one Common Share at a price ‎of\n \n CAD$0.30\n \n (\"Warrant\") per ‎‎share. The rights under the Warrants will last for a period of ‎‎48 months ‎following the closing ‎date.  The funds will be used for general working capital and advancing the Company's projects in Poland.‎\n \n\n No finder's fees were paid with respect to the private placement.\n \n\n The Private Placement remains subject to TSX Venture Exchange final acceptance.‎\n \n\n ‎All securities issued in connection with the Private Placement will not be able to be traded in\n \n Canada\n \n , or ‎‎through the facilities of the TSX Venture Exchange, for a period of four months and one day ‎‎from the date of closing.‎\n \n\n\n About Horizon Petroleum Ltd.\n \n\n\n\n Calgary\n \n -based Horizon is focused on the appraisal and development of natural gas reserves and clean energy sources to assist the increase in the energy independence and security in\n \n Europe\n \n . The Managem...