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HORIZON PETROLEUM LTD. ANNOUNCES AMENDED AND RESTATED UNDERTAKING TO ALBERTA SECURITIES COMMISSION
HORIZON PETROLEUM LTD. ANNOUNCES AMENDED AND RESTATED UNDERTAKING TO ALBERTA SECURITIES COMMISSIO...
About this update from Horizon Petroleum Ltd.
[{"type":"text","content":"\n\n\n\n HORIZON PETROLEUM LTD. ANNOUNCES AMENDED AND RESTATED UNDERTAKING TO ALBERTA SECURITIES COMMISSION\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CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN\n \n THE UNITED STATES\n \n . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAW./\n \n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Aug. 20, 2025\n \n\n /CNW/ -\n \n Horizon Petroleum Ltd. (the \"Company\" or \"Horizon\")\n \n (TSXV: HPL) is pleased to announce that it has delivered an Amended and Restated Undertaking (the \"\n \n Amended Undertaking\n \n \") to the Executive Director of the Alberta Securities Commission (\"\n \n ASC\n \n \") in connection with the Company's final short form base shelf prospectus dated\n \n May 22, 2025\n \n (the \"\n \n Base Shelf Prospectus\n \n \").\n \n\n\n\n\n\n\n\n\n The Amended Undertaking replaces and supersedes the undertaking originally provided on\n \n April 29, 2025\n \n . The amendment was requested by Horizon to accommodate closing of its previously announced offering led by Haywood Securities Inc. (the \"\n \n Offering\n \n \") as further described in the Company's news release dated\n \n August 6, 2025\n \n .\n \n\n The Amended Undertaking provides the Company up to 120 days from the date of the ASC's final receipt for the Base Shelf Prospectus to raise minimum aggregate gross proceeds of at least\n \n C$6,662,000\n \n (the \"\n \n Minimum Amount\n \n \") by way of private placement, prospectus supplement under the Base Shelf Prospectus, or a combination thereof. Should Horizon be unable to raise the Minimum Amount within the 120-day period,ending\n \n September 20, 2025\n \n , the Company will withdraw the Base Shelf Prospectus and will not issue any securities pursuant thereto.\n \n\n The Offering is expected to close on or about\n \n September 18, 2025\n \n and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approv...