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Horizon Petroleum ( (TSE:HPL) ) has provided an update.
Horizon Petroleum Ltd. has submitted an Amended and Restated Undertaking to the Alberta Securities Commission to facilitate the closing of its offering led by Haywood Securities Inc. The amendment allows Horizon up to 120 days to raise a minimum of C$6,662,000 through private placement or prospectus supplement. If the target is not met by September 20, 2025, the company will withdraw its Base Shelf Prospectus. The offering is anticipated to close by September 18, 2025, pending necessary approvals.
More about Horizon Petroleum
Calgary-based Horizon Petroleum Ltd. is focused on the appraisal and development of conventional oil and natural gas resources onshore in Europe. The company is managed by a team of professionals with significant international experience in the oil and natural gas industry.
Average Trading Volume: 49,671
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$5.24M
Learn more about HPL stock on TipRanks’ Stock Analysis page.