Business
Horizon Copper Receives Court Approval for Arrangement with Royal Gold
Horizon Copper Corp. (TSXV: HCU) (OTCQB: HNCUF) ("Horizon Copper", "Horizon", or the "Company") is pleased to announce that the Supreme Court of British Columbia has granted the final order in connection with the Company's plan of arrangement (the "Arrangement") with Royal Gold, Inc. ("Royal Gold") and International Royalty Corporation, a wholly-owned Canadian subsidiary of Royal Gold ("AcquireCo"), whereby Royal Gold will indirectly through AcquireCo acquire all of the issued and outstanding Ho
About this update from Royal Gold, Inc.
[{"type":"text","content":"VANCOUVER, BC, Oct. 15, 2025 /CNW/ - Horizon Copper Corp. (TSXV: HCU) (OTCQB: HNCUF) ("Horizon Copper", "Horizon", or the "Company") is pleased to announce that the Supreme Court of British Columbia has granted the final order in connection with the Company's plan of arrangement (the "Arrangement") with Royal Gold, Inc. ("Royal Gold") and International Royalty Corporation, a wholly-owned Canadian subsidiary of Royal Gold ("AcquireCo"), whereby Royal Gold will indirectly through AcquireCo acquire all of the issued and outstanding Horizon shares (other than those held by Sandstorm Gold Ltd. ("Sandstorm")) and through Horizon acquire all of the outstanding Horizon warrants (the "Horizon Transaction"). Pursuant to the Arrangement, following completion of the Horizon Transaction, Horizon shareholders will receive C$2.00 for each Horizon share held and Horizon warrantholders will receive C$2.00 less the applicable exercise price, per underlying share, for the Horizon warrants held.","length":1074,"tagName":"p"},{"type":"image","alt":"Horizon Copper Corp. Logo (CNW Group/Horizon Copper Corp.)","displaySize":"","headline":null,"caption":"Horizon Copper Corp. Logo (CNW Group/Horizon Copper Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":191,"url":"https://media.zenfs.com/en/cnwgroup.com/6d45e30037280b434e6c63c3e8dce2b9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/L9rY6GhyFDBjWLtK05u5Bw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzNztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/6d45e30037280b434e6c63c3e8dce2b9","width":400,"height":191}},"href":"https://mma.prnewswire.com/media/2797330/Horizon_Copper_Corp__Horizon_Copper_Receives_Court_Approval_for.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The completion of the Horizon Transaction is anticipated to occur on October 20, 2025, subject to the satisfaction or waiver of remaining customary closing conditions. Following completion of the Arrangement, the Company expects to delist the Horizon shares from the TSX Venture Exchange. It is anticipated that the Company will also apply to the Canadian securities regulators for the Company to cease to be a reporting issuer in the applicable jurisdictions.","length":460,"tagName":"p"},{"type":...