FinTechFunding

Horizon Minerals: Purchasing Kalpini Gold Project

  • Horizon Minerals (HRZ) has signed an agreement to purchase the Kalpini gold project in Western Australia for nearly $3 million
  • Kalpini is located 50 kilometres north-east of the company’s Boorara gold project
  • This purchase is in line with the company’s strategy on delivering a stand-alone gold production business in the Kalgoorlie and Coolgardie regions
  • The agreement is subject to a number of standard conditions for the transaction
  • The settlement expected to commence in the December quarter
  • On the market this afternoon, Horizon is up 4.35 per cent and is trading for 12 cents per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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