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Horizon Gold Ltd ( (AU:HRN) ) has provided an update.
Horizon Gold Limited has announced a $12 million equity raising initiative to advance its Gum Creek Feasibility Study and complete high-priority resource drilling. The funds, raised through a placement and a non-renounceable entitlement offer, will be used to complete the feasibility study, conduct further exploration drilling, repay debt, and for general working capital. The initiative reflects strong investor interest and aims to enhance the company’s gold resource base, potentially delivering significant value to shareholders.
More about Horizon Gold Ltd
Horizon Gold Limited is a company operating in the gold mining industry, focusing on the exploration and development of gold resources. Its primary project, the Gum Creek Gold Project, is located in Western Australia and covers over 524 square kilometers along the Gum Creek greenstone belt. The company aims to increase its gold resource base and develop near-term resource potential through feasibility studies and exploration drilling.
Average Trading Volume: 31,642
Technical Sentiment Signal: Buy
Current Market Cap: A$75.32M
For a thorough assessment of HRN stock, go to TipRanks’ Stock Analysis page.