Horizonte Minerals plc (AIM: HMZ) raised £2.19 million, issuing 10,940,000 new ordinary shares of 0.1p each at 20 pence per shares, which were placed with existing and new institutional investors.
Horizonte plans to fast track the exploration programmes on its core assets, the Tangara gold project and the Lontra nickel project in Brazil and the El Aguila silver-zinc project in Peru
Jeremy Martin, CEO of Horizonte, said:
"We are very pleased to announce this £2m placing which highlights the continued support that Horizonte has from both institutional and individual shareholders.”
“Our objective in the next six months is to have a major company partner in place on both the Tanagra gold project and the El Aguila silver, zinc project thereby proving our business model and crystallising value for shareholders through organic growth.”