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Horizon Gold Ltd ( (AU:HRN) ) has shared an announcement.
Horizon Gold Limited has launched a non-renounceable pro-rata entitlement offer to existing shareholders, priced at $1.20 per new share on a one-for-twenty basis, with the offer period running from 12 March 2026 to 26 March 2026. The capital raise is being conducted under section 708AA of the Corporations Act without a prospectus, and the company stresses that investors should rely on its existing ASX disclosures and obtain professional advice before deciding whether to participate.
The offer is only available to eligible shareholders, who must apply and pay via BPAY or EFT using the details on their personalised entitlement and acceptance form. Horizon Gold notes the document may not contain all information investors might require, will not be updated, and urges potential investors to conduct their own due diligence and consider the risk factors referenced in the materials before subscribing for new shares.
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 Australia-based gold exploration and development company listed on the ASX. The company focuses on advancing its gold assets and projects, seeking funding from existing shareholders and capital markets to progress exploration, development and related corporate activities in the resources sector.
Average Trading Volume: 74,982
Technical Sentiment Signal: Buy
Current Market Cap: A$220.5M
Learn more about HRN stock on TipRanks’ Stock Analysis page.