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Horizon Minerals Ltd ( (AU:HRZ) ) just unveiled an update.
Horizon Minerals Ltd has announced its proposed merger with Poseidon Nickel Limited through schemes of arrangement, where Horizon will acquire all shares and options of Poseidon. The company has also completed the first tranche of a private placement with Golden Crane Holdings, raising funds aimed at project development and potential debt refinancing. The merger, deemed reasonable by BDO Corporate Finance, will affect shareholders’ stakes, with Golden Crane and POS shareholders holding significant shares in the combined group post-implementation.
More about Horizon Minerals Ltd
YTD Price Performance: 0%
Average Trading Volume: 20,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €45.48M
For detailed information about HRZ stock, go to TipRanks’ Stock Analysis page.
