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Horizonte raises £18m via placing

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Horizonte Minerals plc said it had raised £18 million following a placing of 162,718,353 new ordinary shares with new and existing investors at a placing price of 7.5 pence per placing share. 

Gross proceeds (US$25.0m / C$ 31.7m) before expenses were approximately £12.2m from the placing and £5.8m from the Canadian offering.

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  1. Pingback: Horizonte holds £26 million for ferronickle at Araguaia - Extractive Industries

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