Further to its news release dated 19 December 2017, Horizonte
Minerals Plc, (AIM:HZM) (TSX:HZM)
(‘Horizonte’ or ‘the
Company’) is pleased to announce that it has completed the
second and final tranche of its equity fundraising. The
Company has successfully placed 60,587,500 Ordinary Shares. in the
Canadian portion of the Placing, (the “Placing Shares”) raising
gross proceeds of CAD$3,635,250. When combined with the £7m
announced on 19 December 2017, the Company has raised a total of
£9.2m, an increase on the previously announced quantum of £8.5m.
Horizonte CEO Jeremy Martin
said, “I am pleased to announce that the Company has
successfully raised £9.2m predominantly through existing and new
institutional investors based in London and Toronto, demonstrating
support for the development of Araguaia and the new acquisition of
the Vermelho nickel-cobalt project. The combination of
the two projects will allow us to create one of the leading nickel
development companies. These corporate developments sit against a
backdrop of improving nickel market fundamentals, driven by the
robust market for stainless steel combined with the fast growing
Electric Vehicle market focused on nickel and cobalt. We look
forward to updating shareholders as we advance both projects during
2018”
Settlement and dealings
The Placing is being conducted under existing
authorities to allot shares and as such there is no requirement for
approval at a general meeting.
Application has been made to the London Stock
Exchange for the Placing Shares to be admitted to trading on AIM.
It is expected that Admission of the 60,587,500 Placing Shares will
become effective and dealings in such Placing Shares will commence
at 8.00 a.m. on 11 January 2018.
The Placing Shares will, when issued, rank pari
passu in all respects with the ordinary shares of the Company that
are issued and outstanding (the "Existing Shares") including the
right to receive dividends and other distributions declared
following Admission.
The Toronto Stock Exchange (‘TSX’) has
conditionally approved the Placing subject to fulfilling all of the
listing requirements of the TSX.
Total shares in issues
The Company now has 1,432,521,800 Ordinary
Shares in issue. The total voting rights will therefore be
1,432,521,800 and Shareholders may use this figure as the
denominator by which they are required to notify their interest in,
or change to their interest in, the Company under the Disclosure
and Transparency Rules.
Enquiries:Horizonte Minerals plcJeremy Martin
(CEO) / David Hall (Chairman)+44 (0) 20 7763 7157
Numis Securities Limited (Joint Broker)John Prior/James
Black/Paul Gillam+44 (0)207 260 1000
finnCap Ltd (NOMAD & Joint Broker)Christopher Raggett/ James
Thompson /Anthony Adams / Emily Morris+44 (0) 20 7220 0500
Shard Capital (Joint Broker)Damon Heath / Erik Woolgar+44 (0) 20
7186 9952
Tavistock (Financial PR)Jos Simson / Barney Hayward+44 (0) 20
7920 3150
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed
nickel development company focused in Brazil, which wholly owns the
advanced Araguaia nickel laterite project located to the south of
the Carajás mineral district of northern Brazil. The Company is
developing Araguaia as the next major nickel mine in Brazil, with
targeted production by 2021. The Project has good
infrastructure in place including rail, road, water and power.
Horizonte has a strong shareholder structure including
Teck Resources Limited 14.7%, Richard Griffiths 9.0%, Lombard Odier
Asset Management (Europe) Limited 8.6%, Hargreave Hale 10.4%, JP
Morgan 6.9%, and Glencore 5.2%.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
INFORMATION
Except for statements of historical fact
relating to the Company, certain information contained in this
press release constitutes “forward-looking information” under
Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the
potential of the Company’s current or future property mineral
projects; the success of exploration and mining activities; cost
and timing of future exploration, production and development; the
estimation of mineral resources and reserves and the ability of the
Company to achieve its goals in respect of growing its mineral
resources; and the realization of mineral resource and reserve
estimates. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as “plans”,
“expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, or “believes”, or variations of such words
and phrases or statements that certain actions, events or results
“may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is based on the reasonable
assumptions, estimates, analysis and opinions of management made in
light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, and are
inherently subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to risks related to:
exploration and mining risks, competition from competitors with
greater capital; the Company’s lack of experience with respect to
development-stage mining operations; fluctuations in metal prices;
uninsured risks; environmental and other regulatory requirements;
exploration, mining and other licences; the Company’s future
payment obligations; potential disputes with respect to the
Company’s title to, and the area of, its mining concessions; the
Company’s dependence on its ability to obtain sufficient financing
in the future; the Company’s dependence on its relationships with
third parties; the Company’s joint ventures; the potential of
currency fluctuations and political or economic instability in
countries in which the Company operates; currency exchange
fluctuations; the Company’s ability to manage its growth
effectively; the trading market for the ordinary shares of the
Company; uncertainty with respect to the Company’s plans to
continue to develop its operations and new projects; the Company’s
dependence on key personnel; possible conflicts of interest of
directors and officers of the Company, and various risks associated
with the legal, the Company’s use of proceeds from the Placing, the
Company’s ability to obtain final approval from the TSX for the
listing of the Ordinary Shares issued in the Placing and regulatory
framework within which the Company operates.
Although management of the Company has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements.
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