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Horizon Gold Ltd ( (AU:HRN) ) has provided an update.
Horizon Gold Limited has successfully closed its pro-rata entitlement issue, raising approximately A$8.7 million from shareholders, representing an 85% take-up of the offer of one new share for every 20 held at A$1.20 per share. The new shares from this entitlement component are scheduled to be issued on 2 April 2026.
In addition, the company secured firm commitments for the entire shortfall of about A$1.48 million, ensuring the total targeted capital of roughly A$10.2 million is fully subscribed. This fully funded raising strengthens Horizon Gold’s balance sheet and provides additional financial flexibility to progress its gold projects and support ongoing operational plans.
The most recent analyst rating on (AU:HRN) stock is a Hold with a A$1.00 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 gold exploration and development company based in West Perth, Western Australia. The company focuses on advancing its gold assets, seeking to fund ongoing exploration, project development and related corporate activities within the resources sector.
Average Trading Volume: 103,164
Technical Sentiment Signal: Buy
Current Market Cap: A$226.2M
For a thorough assessment of HRN stock, go to TipRanks’ Stock Analysis page.