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Horizon Gold Ltd ( (AU:HRN) ) has issued an announcement.
Horizon Gold Limited has launched a non-renounceable pro-rata entitlement offer to raise about $10.2 million through the issue of new fully paid ordinary shares at $1.20 per share. Eligible shareholders in Australia, New Zealand and Bermuda will be able to subscribe for one new share for every 20 shares held on the 9 March 2026 record date, with the new shares ranking equally with existing stock.
The company has determined that shareholders outside these jurisdictions are ineligible to participate, citing legal and regulatory constraints and the cost of compliance relative to the small number and value of affected holdings. The offer is not underwritten, meaning the final amount raised will depend on take-up by eligible investors, which could influence Horizon Gold’s funding flexibility and capital structure without diluting offshore holders via this specific offer.
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’s ordinary shares trade on the ASX under the code HRN, and its shareholder base spans Australia, New Zealand, Bermuda and various other international jurisdictions.
Average Trading Volume: 74,982
Technical Sentiment Signal: Buy
Current Market Cap: A$220.5M
For an in-depth examination of HRN stock, go to TipRanks’ Overview page.