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Horizon Petroleum Ltd. ?Closes First Tranche of Private Placement and Announces Further Extension of Non-Brokered Placement of Units
Horizon Petroleum Ltd. ‎Closes First Tranche of Private Placement and Announces Further Ex...
About this update from Horizon Petroleum Ltd.
[{"type":"text","content":"\n \n \n \n Horizon Petroleum Ltd. ‎Closes First Tranche of Private Placement and Announces Further Extension of Non-Brokered Placement of Units\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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES OF AMERICA\n \n . ANY ‎FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.‎/\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 1, 2024\n \n \n /CNW/ - Horizon Petroleum Ltd. (\"\n \n Horizon\n \n \" or the \"\n \n Company\n \n \") (TSXV: HPL.H) is pleased to announce that the first tranche private placement of Units announced on\n \n January 2, 2024\n \n , (\"Private Placement\") has now closed.  ‎The Company also announces that it has received TSX Venture approval to extend the closing of its non-brokered private placement (the \"Offering\") from\n \n March 1, 2024\n \n to\n \n March 15, 2024\n \n .\n \n \n \n \n \n \n \n \n \n The Company issued 3,100,000 Units at a price of\n \n CAD$0.05\n \n , for gross ‎proceeds of ‎‎CAD$155,000. The Units comprised: (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$0.075\n \n (\"Warrant\") per ‎‎share ‎‎(collectively the ‎‎\"Warrants\"). The rights under the Warrants will last for a period of ‎‎12 months ‎following the closing ‎date.‎\n \n \n The Private Placement remains subject to TSX Venture Exchange final acceptance.‎\n \n \n Horizon paid a finder's fee to PI Financial Corp. of\n \n $1,050\n \n cash and broker warrants to acquire 21,000 Common Shares at a price of 0.075 per Share for a period of 12 months from closing.\n \n \n ‎Insider Participation\n \n \n Ins...