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Horizon Gold Ltd ( (AU:HRN) ) just unveiled an update.
Horizon Gold Limited announced the successful placement of the entire shortfall from its recent renounceable entitlement issue, raising nearly $1 million through the issuance of 2,083,234 shares at $0.48 each. This brings the total funds raised to approximately $6.95 million, which supports the company’s ongoing exploration and development activities at its Gum Creek Gold Project. The completion of this placement strengthens Horizon’s financial position and enhances its ability to advance its exploration efforts, potentially impacting its market positioning and stakeholder interests.
More about Horizon Gold Ltd
Horizon Gold Limited is an exploration company focused on its 100% owned Gum Creek Project in Western Australia. The project offers a promising gold exploration and potential development opportunity, with a Mineral Resource Estimate of 44.45 million tonnes at 1.50 grams per tonne of gold, totaling 2.14 million ounces.
Average Trading Volume: 37,604
Technical Sentiment Signal: Buy
Current Market Cap: A$81.26M
Learn more about HRN stock on TipRanks’ Stock Analysis page.