Horizonte Minerals PLC Filing of Final Short-Form Prospectus (0581V)
12 April 2021 - 4:00PM
UK Regulatory
TIDMHZM
RNS Number : 0581V
Horizonte Minerals PLC
12 April 2021
NEWS RELEASE
April 12, 2021
HORIZONTE ANNOUNCES FILING OF FINAL SHORT-FORM PROSPECTUS
QUALIFYING ORDINARY SHARES UNDERLYING PREVIOUSLY ISSUED SPECIAL
WARRANTS
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ("Horizonte" or
"the Company") the nickel company focused on Brazil, is pleased to
announce that it has filed and obtained a receipt (the "Receipt")
for a final short form prospectus dated April 9, 2021 (the
"Prospectus") in the provinces of Ontario and British Columbia in
connection with its previously completed private placement of
88,060,100 special warrants (the "Special Warrants") for gross
proceeds of C$11,711,993.30. The Prospectus qualifies the
distribution of the 88,060,100 ordinary shares in the capital of
the Company (each, an "Ordinary Share") underlying the Special
Warrants that will each be exercised for one Ordinary Share for no
additional consideration and without further action on the part of
the holders. As a result of obtaining the Receipt, the Special
Warrants shall be deemed to be exercised and 88,060,100 Ordinary
Shares will be issued, effective at 9:00 a.m. (Toronto time) on
April 14, 2021. An application has been made for 88,060,100
Ordinary Shares to be admitted to trading on the AIM market of the
London Stock Exchange ("AIM"). Admission to trading on AIM is
expected to become effective on or around April 15, 2021 and the
Ordinary Shares will rank pari passu with the Company's existing
Ordinary Shares.
Following admission, Horizonte will have 1,700,155,740 Ordinary
Shares in issue. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
For further information, visit www.horizonteminerals.com or
contact:
Horizonte Minerals plc info@horizonteminerals.com
Jeremy Martin (CEO) +44 (0) 203 356 2901
Anna Legge (Corporate Communications)
Peel Hunt (NOMAD & Joint Broker)
Ross Allister
David McKeown +44 (0)20 7418 8900
BMO (Joint Broker)
Thomas Rider
Pascal Lussier Duquette
Andrew Cameron +44 (0) 20 7236 1010
About Horizonte Minerals:
Horizonte Minerals Plc is an AIM and TSX-listed nickel
development company focused in Brazil. The Company is developing
the Araguaia project, as the next major ferronickel mine in Brazil,
and the Vermelho nickel-cobalt project, with the aim of being able
to supply nickel and cobalt to the EV battery market. Both projects
are 100% owned.
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, the inability of the Company to complete the
Placing on the terms as described herein, 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. The Company expressly disclaims any obligation or
undertaking to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise
unless required to do so by applicable law or regulation.
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END
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