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Horizon Minerals Ltd ( (AU:HRZ) ) has issued an update.
Horizon Minerals Ltd has announced that Poseidon Nickel Limited shareholders and optionholders have approved the proposed merger through schemes of arrangement, which will allow Horizon to acquire all shares and options in Poseidon. This approval is a significant step towards the creation of a new mid-cap gold producer in Western Australia, although the merger still requires fulfillment of customary conditions before finalization.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is a company operating in the mining industry, focusing on the exploration and production of gold. It positions itself as a mid-cap gold producer with operations primarily in Western Australia.
YTD Price Performance: 0.0%
Average Trading Volume: 20,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €43.22M
Learn more about HRZ stock on TipRanks’ Stock Analysis page.
