REG - Horizonte Minerals - Completion of Fundraise

Horizonte MineralsAnnouncement

22/12/2021 14:10

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211222:nRSV4966Wa&default-theme=true

RNS Number : 4966W  Horizonte Minerals PLC  22 December 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
THE UNITED STATES OR JAPAN.

For immediate release

22 December 2021

Horizonte Minerals Plc

("Horizonte" or the "Company")

Completion of Fundraise

Horizonte (AIM: HZM, TSX: HZM), is pleased to announce the completion of the
Equity Fundraise announced on 23 November 2021 following admission to AIM and
the TSX. In addition to the Equity Fundraise, which includes the UK Placing,
Canadian Offering, Orion Strategic Investment and La Mancha Strategic
Investment, the Company is also pleased to confirm closing of the Glencore
Subscription and the Open Offer. The Company has issued a total of
2,102,209,850 Ordinary Shares raising gross proceeds of approximately £147.2
million.

The Company intends to use the net proceeds for the construction of the
Araguaia Project, as well as for general working capital purposes.

The Canadian Offering was conducted pursuant to the prospectus supplement of
the Company dated 24 November 2021 to the base shelf prospectus of the Company
dated 29 October 2021, filed in each of the territories and provinces of
Canada, other than Quebec.

The UK Placing was conducted by BMO Capital Markets Limited and Peel Hunt LLP,
acting as joint global coordinators and together with H & P Advisory
Limited, acting as the joint bookrunners, and the Canadian Offering was
conducted by BMO Nesbitt Burns Inc. and Paradigm Capital Inc. acting as joint
global coordinators and joint bookrunners, together with Cormark Securities
Inc. and Cantor Fitzgerald Canada Corporation acting as Canadian co-agents.

Unless otherwise defined herein, capitalised terms used in this announcement
shall have the same meanings as defined in the announcement of the Equity
Fundraise made by the Company on 23 November 2021.

About Horizonte Minerals:

Horizonte Minerals plc is an AIM and TSX-listed nickel development company
focused in Brazil. The Company is developing the Araguaia project, as the next
major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with
the aim of being able to supply nickel and cobalt to the EV battery market.
Both projects are 100% owned.

 

For further information, visit www.horizonteminerals.com or contact:

 Horizonte Minerals plc                    info@horizonteminerals.com

 Jeremy Martin (CEO)                       +44 (0) 203 356 2901

 Anna Legge (Corporate Communications)

 Peel Hunt LLP (NOMAD & Joint Broker)      +44 (0)20 7418 8900

 Ross Allister

 David McKeown

 BMO Capital Markets (Joint Broker)        +44 (0) 20 7236 1010

 Thomas Rider

 Pascal Lussier Duquette

 Andrew Cameron

 Muhammad Musa

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America.  This announcement is
not an offer of securities for sale into the United States.  The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

 

Cautionary Statements Regarding Forward-Looking Information

This announcement contains "forward-looking information" including as that
term is defined under applicable Canadian securities legislation. Such
information includes but is not limited to the proposed use of proceeds.
Generally, forward looking information can be identified by the use of words
such as "plans", "expects" or "is expected", "scheduled", "estimates"
"intends", "anticipates", "believes", or variations of such words and phrases,
or statements that certain actions, events or results "can", "may", "could",
"would", "should", "might" or "will", occur or be achieved, or the negative
connotations thereof. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond the control of the
Company, which could cause the actual results, performance or achievements of
the Company to be materially different from the future results, performance or
achievements expressed or implied by such information. These risks include,
without limitation, discretion of the Company with respect to the use of
proceeds, political and regulatory risks associated with mining and
exploration activities, including environmental regulation, risks and
uncertainties relating to the interpretation of drill and sample results,
risks related to the uncertainty of cost and time estimation and the potential
for unexpected delays, costs and expenses, risks related to metal price
fluctuations, the market for nickel and cobalt products, other risks and
uncertainties related to the Company's prospects, properties and business as
well as those risk factors discussed or referred to herein and in the
Company's disclosure record, including in its annual information form for the
year ended December 31, 2020 filed with the securities regulatory authorities
in all territories and provinces of Canada, other than Quebec, and available
at www.sedar.com. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results not to be anticipated,
estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information. The
Company undertakes no obligation to update forward-looking information if
circumstances or management's estimates, assumptions or opinions should
change, except as required by applicable law. The reader is cautioned not to
place undue reliance on forward-looking information. The information in this
announcement is subject to change.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROIUUARRABUUUAA