Australia's Horizon Minerals hits over 3-month low on discounted placement

Maritana Minerals

26/05/2025 05:52

** Australia's Horizon Minerals HRZ.AX falls as much as 8.2% to A$0.045, its lowest level since February 4

** Stock last down 2% at A$0.048

** Gold miner says it plans to raise near A$30 million  ($19.55 million) via placement at an issue price of A$0.043 per share

** Issue price at a discount of 12.2% to stock's last close

** Funds from placement to be used for studies at co's Black Swan processing plant

** Shares are up 22.5% YTD, including the session's losses

($1 = 1.5344 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((Anjali.Singh2@thomsonreuters.com;))