Horizon Gold Issues 16.67 Million Shares to Professional Investors Under Placement

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

Horizon Gold Limited has confirmed the issuance of approximately 16.67 million fully paid ordinary shares to sophisticated and professional investors under a recent placement, using its existing capacity under ASX Listing Rule 7.1. The new shares were issued without a disclosure document under the Corporations Act, in line with provisions for such investors.

The company stated it remains compliant with its financial reporting and continuous disclosure obligations and that no material information relevant to assessing its financial position or the rights attached to the new shares has been withheld. The placement strengthens Horizon Gold’s capital position without requiring a prospectus, signalling continued support from professional investors while maintaining regulatory compliance.

The most recent analyst rating on (AU:HRN) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.

More about Horizon Gold Ltd

Horizon Gold Limited is an Australian-listed resources company focused on gold exploration and development. The company targets advanced exploration and potential production assets in Western Australia, aiming to grow its resource base and pursue opportunities in the regional gold sector.

Average Trading Volume: 82,690

Technical Sentiment Signal: Buy

Current Market Cap: A$256.5M

Find detailed analytics on HRN stock on TipRanks’ Stock Analysis page.