On March 9, 2021, Horizonte Minerals PLC completed a bought deal private placement of 88,060,100 special warrants at a price of US$0.104 per special warrant for gross proceeds of US$9.2 million, which includes the full exercise of the underwriters’ option.
Each special warrant shall be exercised for one common share of Horizonte without any required action on the part of the holders on the date on which the earlier of the following occurs: (i) the third business day following the date on which a final receipt is obtained from the applicable securities regulator on behalf of the securities regulatory authorities in British Columbia and Ontario, qualifying the shares for distribution; or (ii) 4:59 p.m. ET on July 10, 2021.
Cassels acted for Horizonte.