FinTechFunding

Horizon Minerals: Raises $16.1M via placement

  • Horizon Minerals (HRZ) has received binding commitments to raise $16.1 million in capital via a placement
  • The company said the placement was heavily oversubscribed after strong support from new and existing institutional and sophisticated investors
  • As a result of the strong interest, the Horizon board decided to increase the size of the placement
  • 115 million fully paid ordinary shares will be issued, with all of the shares priced at 14 cents each
  • Meanwhile, Horizon said the capital raised will go towards funding its largest-ever exploration program
  • Shares in Horizon are trading down 13.5 per cent for 16 cents each
Previous article
Dosh: Joins Fintech Equality Coalition
Next article
Omaze: Raises $30M after expanding beyond celebrity campaigns
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.

You May Also Like

FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...