LONDON, June 15, 2016 /CNW/ - Horizonte Minerals plc /
Index: AIM and TSX / Epic: HZM / Sector: Mining
Date: 15 June 2016
AIM BLOCK ADMISSION SIX MONTHLY RETURN TO 31 March 2016:
a. Name of company
Horizonte Minerals plc
b. Name of scheme(s)
The Enterprise Management Incentive Scheme
The 2006 Scheme
c. Period of return:
From 1 October 2015 to 31 March 2016
d. Number and class of securities not issued under scheme at the
start of this period
56,520,000 ordinary shares of 1p each
e. Number of shares issued under scheme during period
Nil
f. Balance under scheme not yet issued / allotted at the end of
this period
56,520,000 ordinary shares of 1p each
g. Number and class of share(s) (amount of stock / debt
securities) originally listed and the date of admission;
27,380,000 Ordinary Shares of 1p each, block listed on 28 September 2011
29,140,000 Ordinary Shares of 1p each block listed on 11 November 2014
Please confirm your total issued share capital as at the end of
this period.
(If you hold any shares in Treasury state the figure
separately);
671,204,378 ordinary shares of 1p each and Nil Treasury
shares
h. Contact name and telephone number for queries;
Name
Jeffrey Karoly
Position
CFO Horizonte Minerals plc
Telephone
0207 763 7157
Date
15 June 2016
The block listing associated with these schemes has now been
cancelled, with effect from today. The Enterprise Management
Incentive Scheme and the 2006 Scheme are unaffected by the
cancellation of this block listing.
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
Carajàs mineral district of northern Brazil.
The Company is developing Araguaia as the next major nickel mine
in Brazil.
The Project, which has excellent infrastructure in place
including rail, road, water and power, has a current NI 43-101
compliant Mineral Resource of 71.98Mt grading 1.33% Ni (Indicated)
and 25.4Mt at 1.21% Ni (Inferred) at a 0.95% nickel cut-off;
included in Resources is a Probable Reserve base of 21.2Mt at
1.66%Ni. An updated NI 43-101 compliant Mineral Resource
statement is currently being developed and will be released
together with the new PFS.
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 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.
SOURCE Horizonte Minerals plc