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An update from Horizon Minerals Ltd ( (AU:HRZ) ) is now available.
Horizon Minerals Ltd has issued 75 million fully paid ordinary shares to Nebari Gold Fund 1, LP as a partial repayment of a Convertible Loan Facility. This transaction, approved by shareholders in November 2022, was conducted without disclosure to investors under specific sections of the Corporations Act. The company has complied with relevant legal provisions and there is no excluded information that needs disclosure. Nebari has arranged an off-market trade for the entire block of shares, indicating a strategic financial maneuver to manage its obligations.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is a company operating in the mining industry, primarily focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange under the ticker HRZ.
Average Trading Volume: 6,506,610
Technical Sentiment Signal: Buy
Current Market Cap: A$153.1M
See more data about HRZ stock on TipRanks’ Stock Analysis page.