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Horizon Minerals Completes Sale of Ineligible Shareholdings Post-Merger

Story Highlights
  • Horizon Minerals has completed the sale of ineligible shareholdings from the Poseidon Nickel merger.
  • The sale generated $1,263,929.90, which will be distributed to shareholders, finalizing the consolidation post-merger.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Horizon Minerals Completes Sale of Ineligible Shareholdings Post-Merger

Horizon Minerals Ltd ( (AU:HRZ) ) just unveiled an update.

Horizon Minerals Ltd has completed the sale of ineligible and unmarketable shareholdings resulting from its merger with Poseidon Nickel Ltd. The sale, managed by Argonaut Securities Limited, involved 20,588,030 shares and generated proceeds of $1,263,929.90, which will be distributed to shareholders. This transaction finalizes the consolidation of shareholdings post-merger, ensuring that all ineligible and unmarketable shares have been addressed, potentially streamlining Horizon’s shareholder base and enhancing operational efficiency.

More about Horizon Minerals Ltd

Horizon Minerals Ltd is a company operating in the mining industry, primarily focusing on mineral exploration and production. The company is listed on the Australian Securities Exchange under the ticker HRZ.

YTD Price Performance: 140.0%

Average Trading Volume: 27,390

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €73.18M

See more data about HRZ stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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