Horizonte raises £147.4m via placing

Horizonte Minerals plc said it had raised approximately £147.4 million (US$197m) through a placing, an offering and subscriptions.

The equity fundraise comprises:

. 606,123,712 new ordinary shares in a UK placing, raising some £42.4m

· 126,072,398: Canadian offering (£8.8m)

· 74,738,416: Glencore subscription (£5.2m)

· 533,845,825: Orion subscription (£37.4m)

· 759,128,764: Mancha subscription (£53.2m)