TIDMHZM
RNS Number : 1206W
Horizonte Minerals PLC
20 December 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES OR JAPAN.
For immediate release
20 December 2021
Horizonte Minerals Plc
("Horizonte" or the "Company")
Result of Open Offer and Total Voting Rights
Horizonte (AIM: HZM, TSX: HZM), announces that it has
conditionally raised total gross proceeds of approximately US$0.22
million (approximately GBP0.16 million) through the Open Offer
which was announced on 23 November 2021.
Result of Open Offer
The Company is pleased to announce that it has received valid
acceptances from Qualifying Shareholders in respect of 2,300,735
Open Offer Shares at a price of 7.0 pence per share.
The Company has applied to the London Stock Exchange plc for
Admission to AIM and to the Toronto Stock Exchange (the "TSX") to
list 2,102,209,850 new Ordinary Shares ("Admission"). The new
Ordinary Shares will rank pari passu with the existing Ordinary
Shares. It is expected that admission to AIM of the new Ordinary
Shares will occur at 8:00 am on or around 22 December 2021 and
admission to the TSX on or around 22 December 2021. The listing on
the TSX will be subject to approval of the TSX (as applicable) and
fulfilling all the requirements of the TSX.
The Equity Fundraise, Strategic Investments and Open Offer
remain conditional, inter alia, upon (i) the resolutions having
been passed by shareholders at the General Meeting to be held today
20 December 2021; (ii) the placing agreement and agency agreement
not being terminated in accordance with its terms; and (iii)
Admission having become effective by no later than 22 December
2021. The Company will announce the results of the General Meeting
as soon as practicable after the meeting concludes.
Total Voting Rights
In accordance with the provision of the Disclosure Guidance and
Transparency Rules of the FCA ("DTRs"), the Company confirms that,
following Admission, its issued share capital will comprise
3,802,365,590 Ordinary Shares, each of which carries the right to
vote, with no Ordinary Shares held in treasury. This figure may be
used by Shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the DTRs.
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the same meanings as defined in the
announcement of the Equity Fundraising made by the Company on 23
November 2021.
Incorporated by Reference
This press release is incorporated by reference in, and forms a
part of, the prospectus supplement of the Company dated November
24, 2021 to the base shelf prospectus of the Company dated October
29, 2021, filed in each of the territories and provinces of Canada,
other than Quebec.
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 closing of the Equity Fundraise, Strategic
Investments and Open Offer; and the receipt of required approvals,
including the approval of the TSX. Generally, forwardlooking
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, risks
related to AIM Admission and the approval of the TSX and other
applicable securities regulatory authorities, a failure to obtain
adequate financing on a timely basis and on acceptable terms,
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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