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Horizon Petroleum ( (TSE:HPL) ) has provided an announcement.
Horizon Petroleum Ltd. has announced a $3 million convertible debenture financing through a private placement offering. The funds will be used to complete the acquisition of Polish subsidiary companies, fund the re-entry of a gas well, and provide working capital. The offering involves a related party transaction and requires TSXV approval, with insiders expected to participate.
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.
Average Trading Volume: 109,060
Technical Sentiment Signal: Sell
Current Market Cap: C$4.66M
For detailed information about HPL stock, go to TipRanks’ Stock Analysis page.