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The latest update is out from Horizon Petroleum ( (TSE:HPL) ).
Horizon Petroleum Ltd. has announced a C$7.5 million financing agreement through a syndicate of agents led by Haywood Securities Inc. The offering involves the sale of up to 75,000,000 units, each comprising one common share and one warrant, with the proceeds intended for development capital and general corporate purposes. This financing will support the initial development program at the Lachowice gas discovery in the Bielsko-Biala concession, including the re-entry and workover of the Lachowice 7 gas well. The offering is expected to close on or about August 20, 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 Europe. The company is managed by a team of professionals with significant international experience in the oil and natural gas industry.
Average Trading Volume: 153,661
Technical Sentiment Signal: Sell
Current Market Cap: C$5.82M
For an in-depth examination of HPL stock, go to TipRanks’ Overview page.