Brief: Horizon Petroleum Reports Update On C$5 Mln Financing And Acquisition

Horizon Petroleum

02/10/2018 11:56

Oct 2 (Reuters) - Horizon Petroleum Ltd  HPL.V :
    * HORIZON PETROLEUM ANNOUNCES UPDATE ON C$5 MILLION
FINANCING AND
ACQUISITION IN POLAND
    * SIGNED AN AMENDMENT TO DEFINITIVE AGREEMENTS TO ACQUIRE
CONCESSIONS IN POLAND, EXTENDING LONG STOP DATE TO DECEMBER 21,
2018
    * FURTHER AGREED THAT NO FUNDS WILL BE PAYABLE UPON CLOSING
ACQUISITION UNTIL LICENCES ARE SUCCESSFULLY TRANSFERRED TO
HORIZON
    * EXPECTS TO RECEIVE PRE-QUALIFICATION AND CLOSE ACQUISITION
IN Q4
OF 2018 OR EARLY 2019
    * ENTERED INTO A NEW ENGAGEMENT AGREEMENT WITH CANOPUS
CAPITAL TO
EXPAND OUR BASE OF EUROPEAN INVESTORS

Source text for Eikon:  ID:nBw9hK6SSa 
Further company coverage:  HPL.V 

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