9th Oct 2015 07:48
LONDON (Alliance News) - Brazil-focused nickel mining development company Horizonte Minerals Friday said it has received confirmation from the Toronto Stock Exchange that all conditions relating to its share placing have been satisfied.
Accordingly, Horizonte has issued 42.5 million shares to trading on AIM at 1 pence each, representing the second tranche of shares it has placed.
In September, Horizonte announced that it had received GBP1.1 million from the first tranche of shares issued in London, a total of 112.5 million placed at 1p each.
Horizonte has issued the shares to cover part of the payment due for the acquisition of the Araguaia nickel project in Brazil from Glencore PLC.
Shares in Horizonte were untraded early Friday, last quoted at 1.55p.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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Related Shares:
HZM.LGlencore