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An update from Horizon Minerals Ltd ( (AU:HRZ) ) is now available.
Horizon Minerals Ltd and Poseidon Nickel Limited have successfully implemented their merger through schemes of arrangement, resulting in Horizon acquiring full ownership of Poseidon’s shares and options. This strategic move involves the issuance of new HRZ shares and options to Poseidon’s securityholders and will lead to the delisting of Poseidon from the ASX. Key management roles have been restructured to facilitate a smooth transition, with several executive appointments and resignations aimed at integrating the operations of both companies.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Poseidon Nickel Limited is also in the mining sector, known for its nickel operations. The merger between Horizon and Poseidon aims to consolidate their assets and strengthen their position in the market.
YTD Price Performance: 300.0%
Average Trading Volume: 37,375
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €71.38M
For a thorough assessment of HRZ stock, go to TipRanks’ Stock Analysis page.
