Horizonte Minerals PLC Closes 2nd and final tranche of £9M fundraise (8804Q)
December 05 2016 - 1:45AM
UK Regulatory
TIDMHZM
RNS Number : 8804Q
Horizonte Minerals PLC
05 December 2016
Horizonte Minerals plc / Index: AIM and TSX / Epic: HZM /
Sector: Mining
5 December 2016
HORIZONTE MINERALS CLOSES SECOND AND FINAL TRANCHE OF GBP9
MILLION FUNDRAISE
FOR ARAGUAIA FEASIBILITY STUDY
_____________________________________________________________________
5 December 2016 - Further to its news releases dated 1 November
2016 and 29 November 2016, 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 the approximately
GBP9 million placing (the 'Placing') by issuing 76,000,000 Placing
Shares for aggregate gross proceeds of C$2,477,600 on 2 December
2016. The proceeds from the Placing will be used by Horizonte to
fund a Feasibility Study at its 100% owned Araguaia Nickel Project
in Brazil ('Araguaia' or 'the Project').
Further Information
The Company now has 1,171,934,300 Ordinary Shares in issue. The
total voting rights will therefore be 1,171,934,300 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.
Admission to the AIM market of the London Stock Exchange of the
Placing Shares issued in the second tranche of the Placing will be
effective at 8:00 a.m. today. The Toronto Stock Exchange ('TSX')
has conditionally approved the Placing subject to fulfilling all of
the listing requirements of the TSX.
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the Circular
sent to shareholders on 1 November 2016 and available under the
Company's profile on SEDAR at www.sedar.com, unless the context
requires otherwise.
**ENDS**
For further information visit www.horizonteminerals.com or
contact:
Jeremy Martin Horizonte Minerals Tel: +44 (0)
plc 20 7763 7157
David Hall Horizonte Minerals Tel: +44 (0)
plc 20 7763 7157
Joanna Scott finnCap Ltd (Corporate Tel: +44 (0)
Christopher Broking) 20 7220 0500
Raggett finnCap Ltd (Corporate Tel: +44 (0)
James Thompson Finance) 20 7220 0500
finnCap Ltd (Corporate Tel: +44 (0)
Finance) 20 7220 0500
Anthony Adams finnCap Ltd (Corporate Tel: +44 (0)
Finance) 20 7220 0500
Damon Heath Shard Capital Stockbrokers Tel: +44 (0)
(Joint Broker) 20 7186 9952
Erik Woolgar Shard Capital Stockbrokers Tel: +44 (0)
(Joint Broker) 20 7186 9952
Lottie Brocklehurst St Brides Partners Tel: +44 (0)
Elisabeth Cowell Ltd (PR) 20 7236 1177
St Brides Partners Tel: +44 (0)
Ltd (PR) 20 7236 1177
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 2019.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 05, 2016 02:45 ET (07:45 GMT)
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