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The latest announcement is out from Horizon Minerals Ltd ( (AU:HRZ) ).
Horizon Minerals Ltd and Poseidon Nickel Ltd have announced updates on their proposed merger, in which Horizon will acquire all shares and options of Poseidon through a scheme of arrangement. This development follows Horizon’s private placement to raise $9.625 million, intended for project development and debt refinancing. The Independent Expert has deemed the schemes reasonable and in the best interests of Poseidon Securityholders, despite being not fair. The announcement will be communicated to regulatory authorities, reflecting a strategic move to strengthen Horizon’s market position.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is involved in the mining industry, focusing on the exploration and development of mineral resources. The company aims to expand its market presence through strategic mergers and financial placements to support project development and debt management.
YTD Price Performance: 0.0%
Average Trading Volume: 20,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €36.96M
For an in-depth examination of HRZ stock, go to TipRanks’ Stock Analysis page.
