REG - Horizonte Minerals - Result of GM & Equity Fundraise Update

Horizonte MineralsAnnouncement

20/12/2021 15:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211220:nRST2461Wa&default-theme=true

RNS Number : 2461W  Horizonte Minerals PLC  20 December 2021

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

For immediate release

20 December 2021

Horizonte Minerals Plc

("Horizonte" or the "Company")

Result of General Meeting and Equity Fundraise Update

Horizonte (AIM: HZM, TSX: HZM), announces that all resolutions proposed at its
General Meeting, held earlier today, were duly passed. A breakdown of the poll
result for each resolution is set out below:

 

 Resolution                                                                     Votes for    %      Votes Against  %     Votes Withheld
 1.     to allot and issue the Fundraising Shares and to issue the              332,390,635  91.69  30,119,834     8.31  5,693,440
 Convertible Loan Notes (including the Ordinary Shares which may be issued in
 the event of the conversion of the Convertible Loan Notes) in each case in
 connection with the Fundraising
 2.     to allot and issue the Fundraising Shares and to issue the              361,424,492  99.71  1,060,445      0.29  5,718,972
 Convertible Loan Notes (including the Ordinary Shares which may be issued in
 the event of the conversion of the Convertible Loan Notes) pursuant to the
 Fundraising, in each case for cash on a non-pre-emptive basis

 

Equity Fundraise Update

Following the General Meeting, and Open Offer announcement earlier today, a
total of 2,102,209,850 new Ordinary Shares in the capital of the Company have
been placed with, or subscribed for by, new and existing investors at the
Issue Price.  On settlement, the Equity Fundraise will raise gross proceeds
of approximately £147 million (approximately US$197 million) for the Company
before expenses consisting of:

·      610,123,712 new Ordinary Shares pursuant to the UK Placing,
raising gross proceeds of approximately £42.7 million (approximately US$57.1
million) representing 4,000,000 more Ordinary Shares than previously announced
by the Company on 24 November 2021 as such shares will be placed under the UK
Placing rather than the Canadian Offering;

·   122,072,398 new Ordinary Shares pursuant to the Canadian Offering,
raising gross proceeds of approximately £8.5 million (approximately US$11.4
million), representing 4,000,000 less Ordinary Shares than previously
announced by the Company on 24 November 2021 and set forth in the Canadian
Prospectus (as defined below) as such shares will be placed under the UK
Placing;

·     74,738,416 new Ordinary Shares pursuant to the Glencore
Subscription, raising gross proceeds of approximately £5.2 million
(approximately US$7 million);

·    533,845,825 new Ordinary Shares pursuant to the Orion Subscription,
raising gross proceeds of approximately £37.4 million (approximately US$50
million);

·  759,128,764 new Ordinary Shares pursuant to the La Mancha
Subscription, raising gross proceeds of approximately £53.1 million
(approximately US$71 million); and

·     2,300,735 new Ordinary Shares pursuant to the Open Offer,
raising gross proceeds of approximately £0.16 million (approximately US$0.22
million).

The new Ordinary Shares to be issued in aggregate pursuant to the Equity
Fundraise represent 123.6 per cent. of the issued share capital of the Company
prior to the Equity Fundraise. Unless otherwise defined herein, capitalised
terms used in this announcement shall have the same meanings as defined in the
announcement of the Equity Fundraising made by the Company on 23 November
2021.

Incorporated by Reference

This announcement is incorporated by reference in, and forms a part of, the
prospectus supplement of the Company dated November 24, 2021 to the base shelf
prospectus of the Company dated October 29, 2021, filed in each of the
territories and provinces of Canada, other than Quebec (the "Canadian
Prospectus").

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 closing of the Equity
Fundraise; and the receipt of required approvals, including the approval of
the TSX. Generally, forwardlooking 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, risks related to AIM Admission and the approval of the TSX
and other applicable securities regulatory authorities, a failure to obtain
adequate financing on a timely basis and on acceptable terms, 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  MSCBUBDDDBDDGBG