TIDMHZM
RNS Number : 4966W
Horizonte Minerals PLC
22 December 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES OR JAPAN.
For immediate release
22 December 2021
Horizonte Minerals Plc
("Horizonte" or the "Company")
Completion of Fundraise
Horizonte (AIM: HZM, TSX: HZM), is pleased to announce the
completion of the Equity Fundraise announced on 23 November 2021
following admission to AIM and the TSX. In addition to the Equity
Fundraise, which includes the UK Placing, Canadian Offering, Orion
Strategic Investment and La Mancha Strategic Investment, the
Company is also pleased to confirm closing of the Glencore
Subscription and the Open Offer. The Company has issued a total of
2,102,209,850 Ordinary Shares raising gross proceeds of
approximately GBP147.2 million.
The Company intends to use the net proceeds for the construction
of the Araguaia Project, as well as for general working capital
purposes.
The Canadian Offering was conducted pursuant to the prospectus
supplement of the Company dated 24 November 2021 to the base shelf
prospectus of the Company dated 29 October 2021, filed in each of
the territories and provinces of Canada, other than Quebec.
The UK Placing was conducted by BMO Capital Markets Limited and
Peel Hunt LLP, acting as joint global coordinators and together
with H & P Advisory Limited, acting as the joint bookrunners,
and the Canadian Offering was conducted by BMO Nesbitt Burns Inc.
and Paradigm Capital Inc. acting as joint global coordinators and
joint bookrunners, together with Cormark Securities Inc. and Cantor
Fitzgerald Canada Corporation acting as Canadian co-agents.
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the same meanings as defined in the
announcement of the Equity Fundraise made by the Company on 23
November 2021.
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.
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 LLP (NOMAD & Joint
Broker)
Ross Allister
David McKeown +44 (0)20 7418 8900
BMO Capital Markets (Joint Broker)
Thomas Rider
Pascal Lussier Duquette
Andrew Cameron
Muhammad Musa +44 (0) 20 7236 1010
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
Cautionary Statements Regarding Forward-Looking Information
This announcement contains "forward-looking information"
including as that term is defined under applicable Canadian
securities legislation. Such information includes but is not
limited to the proposed use of proceeds. Generally, forward looking
information can be identified by the use of words such as "plans",
"expects" or "is expected", "scheduled", "estimates" "intends",
"anticipates", "believes", or variations of such words and phrases,
or statements that certain actions, events or results "can", "may",
"could", "would", "should", "might" or "will", occur or be
achieved, or the negative connotations thereof. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company, which could cause the actual results, performance or
achievements of the Company to be materially different from the
future results, performance or achievements expressed or implied by
such information. These risks include, without limitation,
discretion of the Company with respect to the use of proceeds,
political and regulatory risks associated with mining and
exploration activities, including environmental regulation, risks
and uncertainties relating to the interpretation of drill and
sample results, risks related to the uncertainty of cost and time
estimation and the potential for unexpected delays, costs and
expenses, risks related to metal price fluctuations, the market for
nickel and cobalt products, other risks and uncertainties related
to the Company's prospects, properties and business as well as
those risk factors discussed or referred to herein and in the
Company's disclosure record, including in its annual information
form for the year ended December 31, 2020 filed with the securities
regulatory authorities in all territories and provinces of Canada,
other than Quebec, and available at www.sedar.com. Although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking information, there may be other
factors that cause actions, events or results not to be
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. The Company undertakes no
obligation to update forward-looking information if circumstances
or management's estimates, assumptions or opinions should change,
except as required by applicable law. The reader is cautioned not
to place undue reliance on forward-looking information. The
information in this announcement is subject to change.
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END
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