- Horizon Petroleum (HPL.H) announces a non-brokered private placement
- Up to 50 million units at 2 cents per unit for proceeds up to $1 million
- Horizon Petroleum (HPL.H) is a Calgary-based company focused on the appraisal and development of conventional oil & natural gas resources onshore Europe
- Horizon Petroleum (HPL.H) is down today, trading at C$0.04 as of Aug 23, 2022, 2:25pm ET
Horizon Petroleum (HPL.H) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.
The placement includes up to 50,000,000 units at $0.02 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at $0.05 for 1 year.
The company may pay finder’s fees in cash or securities, or a combination of both.
Proceeds will be used to pay $110,000 owed by the company following a settlement agreement and to service other debt.
Horizon Petroleum (HPL.H) is a Calgary-based company focused on the appraisal and development of conventional oil & natural gas resources onshore Europe.
Horizon Petroleum (HPL.H) is down today, trading at C$0.04 as of Aug 23, 2022, 2:25pm ET.
