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Horizon Gold Initiates $7 Million Entitlement Offer

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Horizon Gold Initiates $7 Million Entitlement Offer

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Horizon Gold Ltd ( (AU:HRN) ) has shared an update.

Horizon Gold Limited has announced the dispatch of documents for its non-renounceable entitlement offer, aiming to raise approximately $7 million. The offer is structured as a one-for-ten entitlement and is set to open on July 29, 2025, with a closing date of August 12, 2025. The results and any shortfall will be announced on August 19, 2025, when the new shares will be issued. This move is part of the company’s strategy to strengthen its financial position and support its ongoing operations, potentially impacting its market standing and offering new opportunities for stakeholders.

More about Horizon Gold Ltd

Horizon Gold Limited operates in the mining industry, focusing on gold exploration and production. The company is based in Western Australia and is listed on the Australian Securities Exchange under the code HRN.

Average Trading Volume: 33,511

Technical Sentiment Signal: Buy

Current Market Cap: A$77.27M

Learn more about HRN stock on TipRanks’ Stock Analysis page.

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